How blockchain will change livecam business: security and anonymity
Live Stars offers a brand new perspective at the problems of webcam industry — combine porn and blockchain technology
Blockchain will eventually change many aspects of our world. Usually, we hear about bringing out blockchain into financial ballpark, but it can be used in many various other fields. For example , Live Stars company has found, one may possibly think, an unexpected application meant for blockchain — webcam organization.
Webcam is considered the most technologically advanced branch of online adult movie industry. Models (usually, women) converse with video chat users and, for additional payments, pose, strip and perform specific actions of sexual nature. It’ s often completed with own funds and resources — all you need is a world wide web camera, Internet access and a living room. However , there are specialized broadcasters, where several models can function at the same time. Webcams monumentally vary from offline part of sex sector and porn videos. The important thing differences are the absence of physical contact between the model and the client and all the obligations are non-cash.
How does it work?
Behind every model, there is a crowd of additional personnel: agency owners, studio managers, staffed internal deal platforms.
Every link in this chain deducts their share of the model’ s earning. A model working at the agency usually obtains 20– 25% of what her client paid. Even self-employed models get about 40%, with the rest used by the webcam hosting tools.
The client under no circumstances pays directly to the style, they usually use some form of conditional currency, valid on one particular website. The funds tend not to go directly to the model and at the each level the paid sum suffers transfer and conversion charges. When the “ tokens” are purchased, a percentage goes to the online finances or banking service, when the client pays with this kind of token, webcam platform gets its share and there is a further intermediate party at the income withdrawal stage.
Besides, to receive their repayment in the first place, the model must first earn the nominal required sum, specified in the contract, usually about $50. Incidentally, 99% of man models usually do not get paid actually this much. Besides, these payments do not reach their beneficiary right away. The platform can hold the payment for any period of time among a week and a month if not more. And you can add 3– 5 days spent for loan provider transfer process.
These are just symptoms of the core problem of this field — lack of transparency. No person feel confident in anyone — clients are afraid of id theft and models are afraid of deanonymization, blackmail and hazards of exposing their work to their friends and family. Studio management might employ threats and fear to force the models to keep working and the streaming providers might illegally use private information of both, models and clients.
Many of these platforms always use some form of ID to verify the id of their models for inside purposes, it is a vital element of how they work. And each system makes their own client databases, collecting the payment information about when, what for and just how much each client pays off, geolocation data and sometimes wants ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The internet is full of interviews with livecam models who fell prey to blackmail.
— It’ s not safe to work at the studio if you want to keep your identity secret. I can tell you a story of a style, whose work was recorded plus the videos were sent to her boyfriend. There were threats to deliver these videos to her parents as well. The same can happen if the contract runs out or perhaps when the model just wants to quit. What to do with that, nobody knows.
Impegno, a webcam model
Blockchain the Messiah
According to have Stars, how can blockchain increase this semi-legal and often unsafe field of work?
The main difference is finished anonymity guaranteed by the system and replacement of internal payment system with tokens.
This solves almost all concerns we mentioned thus far.
Tokenization removes the need for intermediaries and completely gets rid of them from the chain. Reliability of data storage and copy in blockchain technology is definitely above and beyond anything else we have today. Identity verification will even now take place, since all models has to be of the full legal age to work in this field, but the model can remove some of their personal information from the program at any point in time, which is supported by the open source code. The uploaded data, after previously being approved by management, will always be protected.
Blockchain transactions fully solve the issue of the client’ s anonymity.
The very transaction procedure will be significantly quicker, while the intermediary banks and the need to convert money into the platform’ s internal payment means are completely removed from the picture. The latter is substituted by LIVE tokens, which may be used to pay for the assistance or be sold at a token exchange platform. At the moment, in case the client happens to have some inner platform currency they bought but did not spent but, they cannot get their money back in any respect, if they wish to do so, seeing that no platform offers repayments or resale opportunities.
The payment procedure itself becomes simpler and includes possibility of attaching extra modules and ways of repayment.
The versions do not have to wait for months to get what they earned. The transaction comes at the moment on the payment and not a moment afterwards.
Possibility of purchase errors is removed as well — blockchain technology does not allow for mistakes and transaction errors, when the customer’ h funds are blocked by the bank.
And what will Live Stars change?
What does such program looks like? What will change due to the participants: clients and types?
On average, 250 new designs register on the top-tier websites daily.
a majority are newcomers, who under no circumstances worked at this platform
10% of them will continue working on the same platform
60% are forced to quit, due to not achieving the minimal required earning.
The low percentage of webcam newcomers is easily discussed: emotionally taxing job, danger of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that do not come on time. It ends in a situation of many young types completely leaving the field after their first encounter.
A system built on open source code, transparency and blockchain system will radically differ from current semi-legal and closed tools.
Low accessibility barrier will attract more designs and lack of negative financial experience will increase the percentage of these who will chose to stay.
If the clients happen to be 100% certain of their own security and anonymity, the sexy webcam number of people offering for the model’ ersus service will increase. Currently, most of webcam audience is quite happy with free live streams and doesn’ t pay whatever, afraid of dealing with unclear and potentially dangerous payment system. Whenever some of them will move to the category of paying clients, it is going to completely change webcam industry landscape. It is quite possible, that the general direction of such platform will become less porn-orientated and move towards only personal communication, which is what attracts the clients in the first place.
Another important element: private video chats and text chats will use webRTC based on one-to-one principle, on their own of servers. Nobody, like the website administration, will have usage of a private chat.
Every website has its diva. They are usually promoted by website itself, put towards the top of the ratings and viewed by the largest audience. It usually is a closed mechanism, which will harms the customer who’ deb like to see the actual information about the model’ s rating and it harms other types who lose the cash flow due to unfairly low evaluations. Besides, unfair rating is merely an extra source of psychological stress for the model. The open source code will allows anyone to make sure, that the score is distributed in a reasonable and objective manner.
The future of webcam industry
In the end, blockchain will lead to creation of the unique unprecedented online platform, with independent financially backed webcam models who finally left behind the discomfort of constant stress and the customers completely certain in their reliability and anonymity.
The content is bound to change too: currently models feel made to have “ mainstream” displays, something, that majority of consumers are ready to pay for, just to have some income. In the conditions of an secure and open platform, they can produce income out of providing services for a smaller sized audience. It can be just a friendly conversation or specific lovemaking interests.