3 december, 2001 14:27
How blockchain will change livecam business: security and anonymity
Live Stars offers a fresh perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will eventually change many aspects of our world. Usually, we hear about presenting blockchain into financial ball, but it can be used in many various other fields. For example , Live Personalities company has found, one could think, an unexpected application to get 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 certain actions of sexual nature. It’ s often carried out with own funds and methods — all you need is a web camera, Internet access and a living room. However , there are specialized companies, where several models can function at the same time. Webcams monumentally differ from offline part of sex industry and porn videos. The real 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 style, there is a crowd of additional personnel: agency owners, studio room managers, staffed internal transaction platforms.
Every single link in this chain subtracts their share of the model’ s earning. A model functioning at the agency usually receives 20– 25% of what her client paid. Possibly self-employed models get about 40%, with the rest used by the webcam hosting programs.
The client do not mature milf ass pays directly to the style, 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 endures transfer and conversion costs. When the “ tokens” are ordered, a percentage goes to the online finances or banking service, if the client pays with this 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 need to 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 repayments do not reach their recipient right away. The platform can hold the payment for any period of time between a week and a month or even more. And you can add 3– five days spent for loan provider transfer process.
These are just symptoms of the core problem of this world — lack of transparency. No person feel confident in any person — clients are afraid of id theft and models fear so much deanonymization, blackmail and risks of exposing their job to their friends and family members. Studio management might apply threats and fear to force the models to keep working and the streaming products and services might illegally use sensitive information of both, models and clients.
Such platforms always use some form of IDENTIFICATION to verify the identity of their models for inside purposes, it is a vital part of how they work. And each program makes their own client repository, collecting the payment information about when, what for and how much each client compensates, geolocation data and sometimes wants ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The web is full of interviews with web cam models who fell victim to blackmail.
— It’ s not safe to work at the business if you want to keep your identity secret. I can tell you a story of a model, 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 when the contract runs out or when the model just really wants to quit. What to do with that, no one knows.
Impegno, a webcam model
Blockchain the Messiah
According to Live Stars, how can blockchain boost this semi-legal and often hazardous field of work?
The main difference is complete anonymity guaranteed by the program and replacement of internal payment system with tokens.
This solves almost all complications we mentioned thus far.
Tokenization removes the need for intermediaries and completely cleans away them from the chain. Security 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 has to be of the full legal age to work in this field, nevertheless the model can remove any of their personal information from the program at any point in time, which is maintained the open source code. The uploaded data, after having been approved by management, will always be encrypted.
Blockchain ventures fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, since the intermediary banks plus the need to convert money into the platform’ s internal payment means are completely taken off the picture. The latter is substituted by LIVE tokens, that can be used to pay for the assistance or be sold at a symbol exchange platform. At the moment, in case the client happens to have some inner platform currency they bought but did not spent yet, they cannot get their money back at all, if they wish to do so, since no platform offers repayments or resale opportunities.
The payment process itself becomes simpler and includes possibility of attaching extra modules and ways of payment.
The products 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 deal errors, when the customer’ ersus funds are blocked by bank.
And what will Live Stars change?
What does such program looks like? What will change due to its participants: clients and products?
On average, 250 new designs register on the top-tier websites daily.
80% are newcomers, who never worked at this platform
10% of them can continue working on the same program
60% are forced to quit, due to not reaching 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 by no means come on time. It results in a situation of many young designs completely leaving the field after their first knowledge.
A system built on open source code, transparency and blockchain system will radically differ from current semi-legal and closed platforms.
Low entry barrier will attract more designs and lack of negative fiscal experience will increase the percentage of people who will chose to stay.
If the clients are 100% certain of their own security and anonymity, the number of people offering for the model’ s i9000 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. In the event some of them will move to the class of paying clients, it can completely change webcam sector landscape. It is quite possible, the fact that general direction of many of these 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, on their own of servers. Nobody, such as website administration, will have entry to a private chat.
Every website has their diva. They are usually promoted by website itself, put near the top of the ratings and seen by the largest audience. It usually is a closed mechanism, which usually harms the customer who’ m like to see the actual advice about the model’ s rating and it harms other designs who lose the salary due to unfairly low scores. 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 ranking is distributed in a reasonable and objective manner.
The future of webcam sector
In the end, blockchain will lead to creation of a unique unprecedented online platform, with independent financially backed webcam models who finally left behind the discomfort of constant stress and the consumers completely certain in their protection and anonymity.
The content is bound to change too: currently models feel forced to have “ mainstream” shows, something, that majority of clientele are ready to pay for, just to have some income. In the conditions of an secure and open system, they can produce income by providing services for a small audience. It can be just a friendly conversation or specific lovemaking interests.