How blockchain will change web cam business: security and anonymity
How blockchain will change web cam business: security and anonymity
Live Stars offers a new perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will eventually change many aspects of our lives. Usually, we hear about producing blockchain into financial sphere, but it can be used in many different fields. For example , Live Actors company has found, one might think, an unexpected application intended 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, position, strip and perform particular actions of sexual mother nature. It’ s often carried out with own funds and methods — all you need is a world wide web camera, Internet access and a 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 key differences are the absence of physical contact between the model plus the client and all the payments are non-cash.
How does it work?
Behind every model, there is a crowd of various other personnel: agency owners, studio managers, staffed internal transaction platforms.
Each 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. Actually self-employed models get about 40%, with the rest taken by the webcam hosting websites.
The client by no means pays directly to the version, they usually use some form of conditional currency, valid on one particular website. The funds tend not to go directly to the style and at the each stage the paid sum endures transfer and conversion costs. When the “ tokens” are ordered, a percentage goes to the online wallet or banking service, if the client pays with this kind of token, webcam platform gets its share and there is one other 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 bucks. Incidentally, 99% of male models usually do not get paid actually this much. Besides, these repayments do not reach their person 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 lender transfer process.
These are just symptoms of the core problem of this ballpark — lack of transparency. No person feel confident in anyone — clients are afraid of identity theft and models are afraid of deanonymization, blackmail and risks of exposing their job to their friends and loved ones. Studio management might make use of threats and fear to force the models to carry on working and the streaming products and services might illegally use personal information of both, models and clients.
Such platforms always use some form of IDENTIFICATION to verify the identification of their models for internal purposes, it is a vital part of how they work. And each platform makes their own client data source, collecting the payment details about when, what for and exactly how much each client compensates, geolocation data and sometimes requires 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 unsafe to work at the business if you want to keep your identity top secret. I can tell you a story of a unit, whose work was recorded plus 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, nobody knows.
Impegno, a webcam model
Blockchain the Saving grace
According to Live Stars, how can blockchain increase this semi-legal and often dangerous field of work?
The main difference is full anonymity guaranteed by the program and replacement of internal payment system with tokens.
This solves almost all problems we mentioned thus far.
Tokenization removes the need for intermediaries and completely removes them from the chain. Security of data storage and copy in blockchain technology can be above and beyond anything else we have today. Identity verification will nonetheless take place, since all models should be of the full legal age to work in this field, however the model can remove any one of their personal information from the program at any point in time, which is supported by the open source code. The uploaded data, after having been approved by management, will always be encrypted.
Blockchain trades fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, as the intermediary banks and the need to convert money in the platform’ s internal payment means are completely taken out of the picture. The latter is substituted by LIVE tokens, which can be used to pay for the program or be sold at a token exchange platform. At the moment, in case the client happens to have some interior platform currency they bought but did not spent however, 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 further modules and ways of repayment.
The models 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 after.
Possibility of purchase errors is removed too — blockchain technology does not allow for mistakes and purchase errors, when the customer’ ersus funds are blocked by the bank.
What will Live Stars change?
What does such program looks like? What will change for its participants: clients and versions?
On average, 250 new versions register on the top-tier websites daily.
80% are newcomers, who do not worked at this platform
10% of them will continue working on the same platform
60% have to quit, due to not reaching the minimal required earning.
The low percentage of webcam newcomers is easily described: emotionally taxing job, risk 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 field after their first experience.
A system built on open source code, transparency and blockchain system will radically differ from current semi-legal and closed systems.
Low access barrier will attract more versions and lack of negative fiscal experience will increase the percentage of those who will chose to stay.
If the clients will be 100% certain of their own security and anonymity, the number of people offering for the model’ h service will increase. Currently, many webcam audience is content with free live streams and doesn’ t pay anything, afraid of dealing with unclear and potentially dangerous payment system. In the event that some of them will move to the category of paying clients, it will eventually completely change webcam sector landscape. It is quite possible, which the general direction of many of these platform will become less porn-orientated and move towards merely personal communication, which is what attracts the clients in the first place.
Another important factor: private video chats and text chats will use webRTC based on one-to-one principle, separately of servers. Nobody, such as the website administration, will have use of coppie in chat a private chat.
Every website has its diva. They are usually promoted by website itself, put near the top of the ratings and looked at by the largest audience. It usually is a closed mechanism, which will harms the customer who’ n like to see the actual advice about the model’ s rating and it harms other versions who lose the income due to unfairly low rankings. Besides, unfair rating is merely an extra source of psychological anxiety for the model. The open source code will enables anyone to make sure, that the rating is distributed in a good and objective manner.
The future of webcam industry
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 buyers completely certain in their security and anonymity.
The content is bound to change too: currently models feel pressured to have “ mainstream” displays, something, that majority of clientele are ready to pay for, just to incorporate some income. In the conditions of the secure and open platform, they can produce income by providing services for a smaller sized audience. It can be just a friendly conversation or specific lovemaking interests.