How blockchain will change web cam business: security and being anonymous

Live Stars offers a brand 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 launching blockchain into financial world, but it can be used in many other fields. For example , Live Actors company has found, one may possibly think, an unexpected application to get blockchain — webcam business.
Webcam is among the most technologically advanced branch of online porn industry. Models (usually, women) converse with video chat users and, for additional payments, cause, strip and perform specific actions of sexual character. It’ s often done with own funds and information — all you need is a net camera, Internet access and an area. However , there are specialized companies, where several models could work at the same time. Webcams monumentally differ from offline part of sex industry and porn videos. The key differences are the absence of physical contact between the model plus the client and all the repayments are non-cash.
How does it work?
Behind every model, there is a crowd of different personnel: agency owners, studio room managers, staffed internal purchase platforms.
Every link in this chain deducts their share of the model’ s earning. A model functioning at the agency usually obtains 20– 25% of what her client paid. Also self-employed models get regarding 40%, with the rest taken by the webcam hosting platforms.
The client hardly ever 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 unit and at the each level the paid sum suffers transfer and conversion costs. When the “ tokens” are purchased, a percentage goes to the online pocket book or banking service, when the client pays with this token, webcam platform gets its share and there is one other intermediate party at the dollars withdrawal stage.
Besides, to receive their repayment in the first place, the model must first earn the minimal required sum, specified inside the contract, usually about $50. Incidentally, 99% of men models usually do not get paid even this much. Besides, these payments do not reach their beneficiary 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– 5 days spent for bank transfer process.
These are just symptoms of the core problem of this ball — lack of transparency. No one feel confident in anyone — clients are afraid of personality theft and models are afraid of deanonymization, blackmail and dangers of exposing their function to their friends and friends and family. Studio management might apply threats and fear to force the models to stay working and the streaming products and services might illegally use sensitive information of both, models and clients.
Many of these platforms always use some form of IDENTIFICATION to verify the personality of their models for internal purposes, it is a vital component to how they work. And each platform makes their own client databases, collecting the payment information regarding when, what for and how much each client will pay, geolocation data and sometimes wants ID as well.
Security and anonymity of provided data completely depends on the integrity video donne grasse of the intermediaries. The internet is full of interviews with webcam models who fell feed to blackmail.
— It’ s unsafe to work at the studio if you want to keep your identity key. I can tell you a story of a model, 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, no person knows.
Impegno, a webcam model
Blockchain the Savior
According to have Stars, how can blockchain increase this semi-legal and often risky field of work?
The main difference is full 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 advantages of intermediaries and completely gets rid of them from the chain. Reliability 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, but the model can remove any kind 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 trades fully solve the issue of the client’ s anonymity.
The very transaction method will be significantly quicker, as the intermediary banks and the need to convert money in to the platform’ s internal payment means are completely taken off the picture. The latter is substituted by LIVE tokens, which is often used to pay for the assistance or be sold at a symbol exchange platform. At the moment, if the client happens to have some inside platform currency they bought but did not spent however, they cannot get their money back in any respect, 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 additional 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 from the payment and not a moment in the future.
Possibility of transaction errors is removed too — blockchain technology would not allow for mistakes and deal errors, when the customer’ s funds are blocked by bank.
What is going to Live Stars change?
What does such program looks like? What will change due to the participants: clients and products?

On average, 250 new designs register on the top-tier websites daily.
a majority are newcomers, who under no circumstances worked at this platform
10% of them will 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 described: emotionally taxing job, danger of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that hardly ever come on time. It brings about a situation of many young types completely leaving the field after their first encounter.
A system built on open source code, transparency and blockchain infrastructure will radically differ from current semi-legal and closed systems.
Low entrance barrier will attract more models and lack of negative monetary experience will increase the percentage of these who will chose to stay.
If the clients are 100% certain of their own security and anonymity, the number of people willing to pay for the model’ s service will increase. Currently, majority 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. If perhaps some of them will move to the class of paying clients, it is going to completely change webcam industry landscape. It is quite possible, that general direction of many of these platform will become less porn-orientated and move towards simply 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, independently of servers. Nobody, such as the website administration, will have use of a private chat.
Every website has its diva. They are usually promoted by the website itself, put at the top of the ratings and looked at by the largest audience. It will always be a closed mechanism, which harms the customer who’ deb like to see the actual information about the model’ s rating and it harms other types who lose the money due to unfairly low scores. Besides, unfair rating is just an extra source of psychological anxiety for the model. The open source code will enables anyone to make sure, that the ranking 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 program, with independent financially supported webcam models who finally left behind the discomfort of constant stress and the clients completely certain in their protection and anonymity.
The content is bound to change too: currently models feel made to have “ mainstream” displays, something, that majority of clients are ready to pay for, just to incorporate some income. In the conditions of an secure and open system, they can produce income by providing services for a smaller audience. It can be just a friendly conversation or specific sex interests.