How blockchain will change webcam 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 activities. Usually, we hear about introducing blockchain into financial field, but it can be used in many additional fields. For example , Live Stars company has found, one may think, an unexpected application intended for blockchain — webcam business.
Webcam is the most technologically advanced branch of online adult porn industry. Models (usually, women) converse with video chat users and, for additional payments, cause, strip and perform selected actions of sexual mother nature. It’ s often finished with own funds and methods — all you need is a world wide web camera, Internet access and a living room. However , there are specialized companies, where several models can work at the same time. Webcams monumentally differ from offline part of sex market and porn videos. The real key differences are the absence of physical contact between the model as well as the client and all the obligations are non-cash.
How does it work?
Behind every style, there is a crowd of various other personnel: agency owners, studio managers, staffed internal deal platforms.
Every single link in this chain subtracts their share of the model’ s earning. A model functioning at the agency usually obtains 20– 25% of what her client paid. Possibly self-employed models get regarding 40%, with the rest taken by the webcam hosting tools.
The client never pays directly to the version, they usually use some form of conditional currency, valid on one particular website. The funds do not go directly to the style and at the each level the paid sum undergoes transfer and conversion fees. When the “ tokens” are ordered, a percentage goes to the online pocket book or banking service, when the client pays with this kind of 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 need to first earn the minimal required sum, specified in the contract, usually about 50 dollars. Incidentally, 99% of guy models usually do not get paid even this much. Besides, these obligations do not reach their recipient right away. The platform can hold the payment for any period of time between a week and a month if not more. And you can add 3– 5 various days spent for standard bank 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 fear so much deanonymization, blackmail and dangers of exposing their do the job to their friends and family. Studio management might apply threats and fear to force the models to remain working and the streaming products and services might illegally use personal data of both, models and clients.
Many of these platforms always use some form of IDENTITY to verify the identity of their models for interior purposes, it is a vital a part of how they work. And each system makes their own client database, collecting the payment details about when, what for and how much each client gives, geolocation data and sometimes requires ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The net is full of interviews with webcam models who fell prey to blackmail.
— It’ s unsafe to work at the studio room if you want to keep your identity magic formula. I can tell you a story of a style, whose work was recorded as well as the videos were sent to her boyfriend. There were threats to deliver these videos to her father and mother as well. The same can happen if the contract runs out or when the model just desires to quit. What to do with that, nobody knows.
Ardore, a webcam model
Blockchain the Saving grace
According to Live Stars, how can blockchain increase this semi-legal and often unsafe field of work www.bongacams?
The main difference is complete 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 need for intermediaries and completely gets rid of them from the chain. Secureness of data storage and transfer 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 of their personal information from the system at any point in time, which is maintained the open source code. The uploaded data, after he was approved by management, will always be protected.
Blockchain trades fully solve the issue of the client’ s anonymity.
The very transaction method will be significantly quicker, while the intermediary banks as well as the need to convert money in the platform’ s internal repayment means are completely removed from the picture. The latter is replaced by LIVE tokens, which may be used to pay for the service or be sold at a token exchange platform. At the moment, in case the client happens to have some inside platform currency they bought but did not spent however, they cannot get their money back at all, if they wish to do so, seeing that no platform offers repayments or resale opportunities.
The payment process itself becomes simpler and includes possibility of attaching additional modules and ways of payment.
The versions do not have to wait for months to get what they earned. The transaction comes at the moment of the payment and not a moment after.
Possibility of purchase errors is removed too — blockchain technology would not allow for mistakes and deal errors, when the customer’ s i9000 funds are blocked by the bank.
And what will Live Stars change?
What does such system looks like? What will change because of its participants: clients and designs?
On average, 250 new versions register on the top-tier websites daily.
79% are newcomers, who do not worked at this platform
10% of them 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 in a situation of many young designs completely leaving the discipline after their first knowledge.
A system built on open source code, transparency and blockchain commercial infrastructure will radically differ from current semi-legal and closed tools.
Low entrance barrier will attract more designs and lack of negative economical experience will increase the percentage of these who will chose to stay.
If the clients will be 100% certain of their own security and anonymity, the number of people willing to pay for the model’ h service will increase. Currently, most webcam audience is quite happy with free live streams and doesn’ t pay anything at all, afraid of dealing with unclear and potentially dangerous payment system. If some of them will move to the category of paying clients, it will eventually completely change webcam market landscape. It is quite possible, that the general direction of such platform will become less porn-orientated and move towards just simply personal communication, which is what attracts the clients to start with.
Another important aspect: private video chats and text chats will use webRTC based on one-to-one principle, independent of each other of servers. Nobody, such as website administration, will have access to a private chat.
Every website has their diva. They are usually promoted by the website itself, put towards the top of the ratings and viewed by the largest audience. It usually is a closed mechanism, which usually harms the customer who’ d like to see the actual information about the model’ s rating and it harms other products who lose the salary due to unfairly low ratings. Besides, unfair rating is merely an extra source of psychological anxiety for the model. The open source code will allows anyone to make sure, that the ranking is distributed in a fair and objective manner.
The future of webcam sector
In the end, blockchain will lead to creation of a unique unprecedented online program, with independent financially reinforced webcam models who finally left behind the discomfort of constant stress and the buyers completely certain in their security and anonymity.
The content is bound to change as well: currently models feel pressured to have “ mainstream” displays, something, that majority of customers are ready to pay for, just to have some income. In the conditions of your secure and open platform, they can produce income by providing services for a small audience. It can be just a friendly conversation or specific intimate interests.