How blockchain will change cam business: security and invisiblity
Live ostry sex grupowy Stars offers a fresh perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will soon change many aspects of our activities. Usually, we hear about launching blockchain into financial ball, but it can be used in many other fields. For example , Live Actors company has found, one may possibly think, an unexpected application pertaining to blockchain — webcam business.
Webcam is considered the most technologically advanced branch of online porno industry. Models (usually, women) converse with video chat users and, for additional payments, offer, strip and perform a number of actions of sexual character. It’ s often carried out with own funds and information — all you need is a web camera, Internet access and a living room. However , there are specialized dojos, where several models can work 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 and the client and all the payments are non-cash.
How does it work?
Behind every model, there is a crowd of different personnel: agency owners, studio managers, staffed internal transaction platforms.
Every link in this chain deducts their share of the model’ s earning. A model doing work at the agency usually will get 20– 25% of what her client paid. Actually self-employed models get about 40%, with the rest used by the webcam hosting programs.
The client hardly ever pays directly to the unit, they usually use some form of conditional currency, valid on one particular website. The funds usually do not go directly to the model and at the each level the paid sum endures transfer and conversion charges. When the “ tokens” are purchased, 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 more intermediate party at the dollars withdrawal stage.
Besides, to receive their repayment in the first place, the model need to first earn the nominal required sum, specified in the contract, usually about 50 dollars. Incidentally, 99% of men models usually do not get paid possibly this much. Besides, these payments do not reach their recipient right away. The platform can hold the payment for any period of time among a week and a month if not more. And you can add 3– five days spent for standard bank transfer process.
These are just symptoms of the core problem of this ball — lack of transparency. No person feel confident in any individual — clients are afraid of identification theft and models fear so much deanonymization, blackmail and risks of exposing their function to their friends and friends and family. Studio management might use 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 ID to verify the individuality of their models for interior purposes, it is a vital component to how they work. And each platform makes their own client repository, collecting the payment info on when, what for and exactly how much each client gives, geolocation data and sometimes demands ID as well.
Security and anonymity of provided data completely depends upon what integrity of the intermediaries. The internet is full of interviews with livecam models who fell feed to blackmail.
— It’ s not safe to work at the business if you want to keep your identity magic formula. 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 when the model just desires to quit. What to do with that, no one knows.
Ardore, a webcam model
Blockchain the Savior
According to have Stars, how can blockchain increase this semi-legal and often dangerous field of work?
The main difference is finished anonymity guaranteed by the program and replacement of internal transaction processing system with tokens.
This solves almost all complications we mentioned thus far.
Tokenization removes the need for intermediaries and completely eliminates them from the chain. Reliability of data storage and transfer in blockchain technology is certainly 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, but the model can remove any one of their personal information from the system at any point in time, which is supported by the open source code. The uploaded data, after previously being approved by management, will always be protected.
Blockchain orders fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, while 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 replaced by LIVE tokens, which may 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 inside platform currency they bought but did not spent yet, they cannot get their money back in any way, if they wish to do so, since no platform offers repayments or resale opportunities.
The payment method itself becomes simpler and includes possibility of attaching further 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 too — blockchain technology does not allow for mistakes and deal errors, when the customer’ s funds are blocked by the bank.
What is going to Live Stars change?
What does such platform looks like? What will change because of its participants: clients and products?
On average, 250 new products register on the top-tier websites daily.
80 percent are newcomers, who hardly ever worked at this platform
10% of them can continue working on the same platform
60% are forced to quit, due to not reaching the minimal required earning.
The low percentage of webcam newcomers is easily explained: emotionally taxing job, hazard of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that hardly ever come on time. It results in a situation of many young models completely leaving the discipline after their first knowledge.
A platform built on open source code, transparency and blockchain facilities will radically differ from current semi-legal and closed tools.
Low accessibility barrier will attract more products and lack of negative economic experience will increase the percentage of those 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, most of webcam audience is content 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 sector landscape. It is quite possible, which 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 feature: private video chats and text chats will use webRTC based on one-to-one principle, independently of servers. Nobody, like the website administration, will have entry to a private chat.
Every website has it is diva. They are usually promoted by the website itself, put near the top of the ratings and viewed by the largest audience. It is usually a closed mechanism, which in turn harms the customer who’ d like to see the actual information about the model’ s rating and it harms other versions who lose the profits due to unfairly low reviews. Besides, unfair rating is merely an extra source of psychological strain for the model. The open source code will enables anyone to make sure, that the rating is distributed in a reasonable and objective manner.
The future of webcam industry
In the end, blockchain will lead to creation of any unique unprecedented online platform, with independent financially backed webcam models who finally left behind the discomfort of constant stress and the customers completely certain in their protection and anonymity.
The content is bound to change as well: currently models feel made to have “ mainstream” displays, something, that majority of clients are ready to pay for, just to have some income. In the conditions of any secure and open system, they can produce income from providing services for a small audience. It can be just a friendly conversation or specific intimate interests.