How blockchain will change web cam business: security and anonymity

Live Stars offers a new perspective at the problems of webcam industry — combine 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 Celebrities company has found, one may think, an unexpected application to get blockchain — webcam organization.
Webcam is considered the most technologically advanced branch of online porn industry. Models (usually, women) converse with video chat users and, for additional payments, offer, strip and perform selected actions of sexual characteristics. It’ s often completed with own funds and methods — all you need is a web camera, Internet access and a living room. However , there are specialized studios, where several models could work at the same time. Webcams monumentally vary from offline part of sex market and porn videos. The important thing differences are the absence of physical contact between the model as well as 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, 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 will get 20– 25% of what her client paid. Also self-employed models get about 40%, with the rest used by the webcam hosting websites.
The client hardly ever pays directly to the unit, they usually use some form of conditional currency, valid on one particular website. The funds tend not to go directly to the model and at the each stage the paid sum endures transfer and conversion fees. When the “ tokens” are ordered, a percentage goes to the online pocket or banking service, when the client pays with this token, webcam platform gets its share and there is one more intermediate party at the income withdrawal stage.
Besides, to receive their repayment in the first place, the model need to first earn the nominal required sum, specified inside the contract, usually about $50. Incidentally, 99% of men models usually do not get paid possibly this much. Besides, these repayments do not reach their receiver 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– 5 days spent for loan provider transfer process.
These are just symptoms of the core problem of this ballpark — lack of transparency. Nobody feel confident in any person — clients are afraid of identity theft and models are afraid of deanonymization, blackmail and risks of exposing their do the job to their friends and family. Studio management might apply threats and fear to force the models to continue working and the streaming products and services might illegally use information that is personal of both, models and clients.
Many of these platforms always use some form of ID to verify the identity of their models for internal purposes, it is a vital a part of how they work. And each system makes their own client databases, collecting the payment information about when, what for and how much each client gives, geolocation data and sometimes calls for ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The net is full of interviews with web cam models who fell victim to blackmail.
— It’ s not safe to work at the facilities if you want to keep your identity secret. 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 send these videos to her father and mother as well. The same can happen when the contract runs out or when the model just wants to quit. What to do with that, no person knows.
Impegno, a webcam model
Blockchain the Saving grace
According to have Stars, how can blockchain boost this semi-legal and often dangerous field of work?
The main difference is total anonymity guaranteed by the system 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. Secureness 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, 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 having been approved by management, will always be encrypted.
Blockchain orders fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, as the intermediary banks as well as the need to convert money in the platform’ s internal payment means are completely taken from the picture. The latter is replaced by LIVE tokens, which is often used to pay for the services or be sold at a token exchange platform. At the moment, if the client happens to have some internal platform currency they bought but did not spent but, they cannot get their money back in any way, if they wish to do so, as no platform offers repayments or resale opportunities.
The payment method itself becomes simpler and includes possibility of attaching more site porno modules and ways of payment.
The designs 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 later.
Possibility of purchase errors is removed too — blockchain technology does not allow for mistakes and deal errors, when the customer’ t funds are blocked by the bank.
What is going to Live Stars change?
What does such platform looks like? What will change due to its participants: clients and designs?

On average, 250 new products register on the top-tier websites daily.
80 percent are newcomers, who by no means worked at this platform
10% of them is going to 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, danger of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that by no means come on time. It ends up with a situation of many young versions completely leaving the field after their first encounter.
A program built on open source code, transparency and blockchain commercial infrastructure will radically differ from current semi-legal and closed tools.
Low admittance barrier will attract more products and lack of negative economical experience will increase the percentage of people 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’ t service will increase. Currently, many webcam audience is content 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 category of paying clients, it will eventually completely change webcam market landscape. It is quite possible, which the general direction of many of these platform will become less porn-orientated and move towards just personal communication, which is what attracts the clients to begin with.
Another important factor: 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 usage of a private chat.
Every website has their diva. They are usually promoted by website itself, put towards 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 information about the model’ s rating and it harms other products who lose the profits due to unfairly low scores. Besides, unfair rating is just 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 any 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 reliability and anonymity.
The content is bound to change as well: currently models feel made to have “ mainstream” displays, something, that majority of clientele are ready to pay for, just to have some income. In the conditions of a secure and open platform, they can produce income via providing services for a smaller audience. It can be just a friendly conversation or specific sex-related interests.