How blockchain will change livecam business: security and being anonymous
Live Stars offers a fresh perspective at the problems of webcam industry — combine porn and blockchain technology
Blockchain will soon change many aspects of our world. Usually, we hear about presenting blockchain into financial world, but it can be used in many different fields. For example , Live Actors company has found, one may think, an unexpected application intended for blockchain — webcam business.
Webcam is considered the most technologically advanced branch of online porn industry. Models (usually, women) converse with video chat users and, for additional payments, pose, strip and perform selected actions of sexual characteristics. It’ s often completed with own funds and methods — all you need is a internet camera, Internet access and an area. However , there are specialized broadcasters, where several models could work at the same time. Webcams monumentally vary from offline part of sex industry and porn videos. The main element differences are the absence of physical contact between the model and the client and all the repayments are non-cash.
How does it work?
Behind every style, there is a crowd of different personnel: agency owners, facilities managers, staffed internal transaction platforms.
Every single link in this chain subtracts their share of the model’ s earning. A model working at the agency usually will get 20– 25% of what her client paid. Even self-employed models get about 40%, with the rest taken by the webcam hosting systems.
The client by no means pays directly to the unit, they usually use some form of conditional currency, valid on one particular website. The funds do not go directly to the version and at the each stage the paid sum undergoes transfer and conversion service fees. When the “ tokens” are ordered, a percentage goes to the online wallet or banking service, if the client pays with this token, webcam platform gets its share and there is one other intermediate party at the funds withdrawal stage.
Besides, to receive their repayment in the first place, the model must first earn the nominal required sum, specified inside the contract, usually about $50. Incidentally, 99% of guy models usually do not get paid also this much. Besides, these obligations do not reach their recipient right away. The platform can hold the payment for any period of time among a week and a month or even more. And you can add 3– five days spent for loan company transfer process.
These are just symptoms of the core problem of this world — lack of transparency. No person feel confident in any individual — clients are afraid of identification theft and models are afraid of deanonymization, blackmail and dangers of exposing their do the job to their friends and family members. Studio management might use threats and fear to force the models to remain working and the streaming services might illegally use sensitive information of both, models and clients.
Such platforms always use some form of ID to verify the individuality of their models for internal purposes, it is a vital a part of how they work. And each platform makes their own client repository, collecting the payment information about when, what for and exactly how much each client will pay, 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 cam models who fell victim to blackmail.
— It’ s not safe to work at the studio if you want to keep your identity top secret. I can tell you a story of a style, whose work was recorded and the videos were sent to her boyfriend. There were threats to send these videos to her father and mother 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, no person knows.
Impegno, a webcam model
Blockchain the Messiah
According to have Stars, how can blockchain boost this semi-legal and often hazardous field of work?
The main difference is finished anonymity guaranteed by the system and replacement of internal transaction processing system with tokens.
This solves almost all concerns we mentioned thus far.
Tokenization removes the advantages of intermediaries and completely eliminates them from the chain. Reliability of data storage and copy in blockchain technology is usually above and beyond anything else we have today. Identity verification will still take place, since all models should be of the full legal age to work in this field, nevertheless the model can remove any kind of their personal information from the program at any point in time, which is maintained the open source code. The uploaded data, after previously being approved by management, will always be encrypted.
Blockchain trades fully solve the issue of the client’ s anonymity.
The very transaction procedure will be significantly quicker, since the intermediary banks as well as the need to convert money in the platform’ s internal payment means are completely taken off the picture. The latter is replaced by LIVE tokens, which can be used to pay for the support or be sold at a symbol exchange platform. At the moment, in case the client happens to have some interior platform currency they bought but did not spent but, they cannot get their money back in any respect, if they wish to do so, as no platform offers repayments or resale opportunities.
The payment procedure itself becomes simpler and includes possibility of attaching additional modules and ways of payment.
The models do not have to wait for months to get what they earned. The transaction comes at the moment with the payment and not a moment in the future.
Possibility of deal errors is removed as well — blockchain technology does not allow for mistakes and transaction errors, when the customer’ h funds are blocked by bank.
What is going to Live Stars change?
What does such program looks like? What will change because of its participants: clients and versions?
On average, 250 new versions register on the top-tier websites daily.
a majority are newcomers, who do not worked at this platform
10% of them definitely will continue working on the same program
60% are forced to quit, due to not achieving the minimal required earning.
The low percentage of webcam newcomers is easily explained: emotionally taxing job, threat of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that never come on time. It ends up with a situation of many young types completely leaving the discipline after their first knowledge.
A program built on open source code, transparency and blockchain system will radically differ from current semi-legal and closed websites.
Low access barrier will attract more products and lack of negative economic experience will increase the percentage of the who will chose to stay.
If the clients happen to be 100% certain of their own security and anonymity, the number of people offering for the model’ ersus service will increase. Currently, many webcam audience is content with free live streams and doesn’ t pay nearly anything, afraid of dealing with unclear and potentially dangerous payment system. If perhaps some of them will move to the class of paying clients, it will completely change webcam sector landscape. It is quite possible, the general direction of such platform will become less porn-orientated and move towards just personal communication, which is what attracts the clients to begin with.
Another important element: private video chats and text chats will use webRTC based on one-to-one principle, independent of each other of servers. Nobody, such as the website administration, will have usage of a private chat.
Every website has the diva. They are usually promoted by website itself, put near the top of the ratings and viewed by the largest audience. It usually is a closed mechanism, which usually harms the customer who’ n like to see the actual advice about the model’ s rating and it harms other types who lose the income due to unfairly low ratings. Besides, unfair rating is merely an extra source of psychological tension for the model. The open source code will allows anyone to make sure, that the score is distributed in a fair and objective manner.
The future of webcam sector
In the end, blockchain will lead to creation of the unique unprecedented online system, with independent financially guaranteed webcam models who finally left behind the discomfort of constant stress and the consumers completely certain in their security and anonymity.
The content is bound to change as well: currently models feel compelled to have “ mainstream” shows, something, that majority of clientele are ready to pay for, just to incorporate some income. In the conditions of the secure lista siti porno gratis and open system, they can produce income via providing services for a smaller audience. It can be just a friendly conversation or specific intimate interests.