How blockchain will change webcam business: security and invisiblity

How blockchain will change webcam business: security and invisiblity

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 sphere, but it can be used in many different fields. For example , Live Personalities company has found, one might think, an unexpected application to get blockchain — webcam organization.
Webcam is the most technologically advanced branch of online adult porn industry. Models (usually, women) converse with video chat users and, for additional payments, pose, strip and perform selected actions of sexual dynamics. It’ s often carried out with own funds and resources — all you need is a web camera, Internet access and a space. However , there are specialized galleries, where several models can function at the same privat zapisi 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 and the client and all the payments are non-cash.
How does it work?
Behind every style, there is a crowd of different personnel: agency owners, business 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. Actually self-employed models get regarding 40%, with the rest used by the webcam hosting websites.
The client do not pays directly to the model, they usually use some form of conditional currency, valid on one particular website. The funds usually do not go directly to the style and at the each level the paid sum endures transfer and conversion fees. When the “ tokens” are ordered, a percentage goes to the online wallet or banking service, when 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 payment in the first place, the model must first earn the little required sum, specified inside the contract, usually about 50 bucks. Incidentally, 99% of guy models usually do not get paid even this much. Besides, these obligations do not reach their person right away. The platform can hold the payment for any period of time between a week and a month or maybe more. And you can add 3– your five days spent for loan company transfer process.
These are just symptoms of the core problem of this ball — lack of transparency. Nobody feel confident in anyone — clients are afraid of identity theft and models fear so much deanonymization, blackmail and risks of exposing their work to their friends and loved ones. Studio management might use threats and fear to force the models to keep 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 IDENTIFICATION to verify the id of their models for inside purposes, it is a vital a part of how they work. And each program makes their own client data source, collecting the payment details about when, what for and just how much each client compensates, geolocation data and sometimes needs 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 unsafe to work at the studio room if you want to keep your identity key. I can tell you a story of a version, whose work was recorded and the videos were sent to her boyfriend. There were threats to send 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, no one knows.
Ardore, a webcam model
Blockchain the Messiah
According to Live Stars, how can blockchain increase this semi-legal and often dangerous field of work?
The main difference is comprehensive anonymity guaranteed by the program and replacement of internal payment processing system with tokens.
This solves almost all complications we mentioned thus far.
Tokenization removes the advantages of intermediaries and completely takes away them from the chain. Secureness of data storage and transfer in blockchain technology is certainly above and beyond anything else we have today. Identity verification will still take place, since all models has to be of the full legal age to work in this field, nevertheless the model can remove any one of their personal information from the program 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 orders fully solve the issue of the client’ s anonymity.
The very transaction procedure will be significantly quicker, while the intermediary banks plus the need to convert money into the platform’ s internal payment means are completely removed from the picture. The latter is replaced by LIVE tokens, which can be used to pay for the program or be sold at a symbol exchange platform. At the moment, in the event the client happens to have some inside platform currency they bought but did not spent but, they cannot get their money back at all, if they wish to do so, as no platform offers repayments or resale opportunities.
The payment process itself becomes simpler and includes possibility of attaching more 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 of the payment and not a moment later on.
Possibility of transaction errors is removed as well — blockchain technology will not allow for mistakes and transaction errors, when the customer’ s i9000 funds are blocked by the bank.
What will Live Stars change?
What does such program looks like? What will change due to the participants: clients and versions?

On average, 250 new designs register on the top-tier websites daily.
79% are newcomers, who do not worked at this platform
10% of them will certainly continue working on the same program
60% have to quit, due to not achieving the minimal required earning.
The low percentage of webcam newcomers is easily discussed: 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 versions completely leaving the discipline after their first knowledge.
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 designs and lack of negative economical 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 willing to pay for the model’ s i9000 service will increase. Currently, majority of 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 completely change webcam industry landscape. It is quite possible, that general direction of such platform will become less porn-orientated and move towards merely 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, separately of servers. Nobody, such as the website administration, will have entry to a private chat.
Every website has its diva. They are usually promoted by the website itself, put at the top of the ratings and viewed by the largest audience. It usually is a closed mechanism, which harms the customer who’ n like to see the actual advice about the model’ s rating and it harms other models who lose the cash flow due to unfairly low scores. Besides, unfair rating is merely an extra source of psychological strain for the model. The open source code will permits anyone to make sure, that the score is distributed in a fair and objective manner.
The future of webcam industry
In the end, blockchain will lead to creation of an unique unprecedented online platform, with independent financially guaranteed webcam models who finally left behind the discomfort of constant stress and the consumers completely certain in their secureness and anonymity.
The content is bound to change too: currently models feel compelled to have “ mainstream” displays, something, that majority of consumers are ready to pay for, just to have some income. In the conditions of any secure and open platform, they can produce income out of providing services for a smaller audience. It can be just a friendly conversation or specific intimate interests.

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