How blockchain will change web cam business: security and invisiblity

Live Stars offers a fresh perspective at the problems of webcam industry — combine porn and blockchain technology
Blockchain will eventually change many aspects of our lives. 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 could think, an unexpected application intended for blockchain — webcam organization.
Webcam is among the most technologically advanced branch of online adult porn industry. Models (usually, women) converse with video chat users and, for additional payments, offer, strip and perform particular actions of sexual dynamics. It’ s often carried out with own funds and solutions — all you need is a world wide web camera, Internet access and a living room. However , there are specialized galleries, where several models can function at the same time. Webcams monumentally differ from offline part of sex sector and porn videos. The main element differences are the absence of physical contact between the model and the client and all the repayments are non-cash.
How does it work?
Behind every model, there is a crowd of other personnel: agency owners, business managers, staffed internal purchase platforms.
Every single link in this chain deducts their share of the model’ s earning. A model operating at the agency usually receives 20– 25% of what her client paid. Actually self-employed models get about 40%, with the rest taken by the webcam hosting tools.
The client never 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 unit and at the each level the paid sum undergoes transfer and conversion costs. When the “ tokens” are purchased, a percentage goes to the online finances or banking service, if the client pays with this kind of token, webcam platform gets its share and there is a further intermediate party at the funds withdrawal stage.
Besides, to receive their payment 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 guy models usually do not get paid even this much. Besides, these obligations 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– 5 days spent for lender 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 are afraid of deanonymization, blackmail and dangers of exposing their job to their friends and loved ones. Studio management might employ threats and fear to force the models to remain working and the streaming companies might illegally use information that is personal of both, models and clients.
Many of these platforms always use some form of IDENTITY to verify the individuality of their models for internal purposes, it is a vital component to how they work. And each system makes their own client repository, collecting the payment info on when, what for and just how much each client pays, geolocation data and sometimes needs ID as well.
Security and anonymity of provided data completely depends upon what integrity of the intermediaries. The net is full of interviews with webcam models who fell victim to blackmail.
— It’ s unsafe to work at the facility if you want to keep your identity solution. I can tell you a story of a version, whose work was recorded as well as 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 when the model just wishes to quit. What to do with that, no one knows.
Lena, a webcam model
Blockchain the Saving grace
According to Live Stars, how can blockchain improve this semi-legal and often harmful field of work?
The main difference is complete 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 gets rid of them from the chain. Reliability of data storage and copy in blockchain technology can be above and beyond anything else we have today. Identity verification will even now take place, since all models should be of the full legal age to work in this field, however the model can remove some 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 encrypted.
Blockchain ventures fully solve the issue of the client’ s anonymity.
The very transaction procedure 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 from the picture. The latter is substituted by LIVE tokens, that can be used to pay for the service 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 however, they cannot get their money back in any way, if they wish to do so, as no platform offers refunds or resale opportunities.
The payment process itself becomes simpler and includes possibility of attaching added modules and ways of repayment.
The designs 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 later on.
Possibility of purchase errors is removed as well — blockchain technology does not allow for mistakes and transaction errors, when the customer’ s funds are blocked by the bank.
What is going to Live Stars change?
What does such program looks like? What will change because of its participants: clients and designs?

On average, 250 new types register on the top-tier websites daily.
79% are newcomers, who hardly ever worked at this platform
10% of them definitely will continue working on the same program
60% are forced to quit, due to not achieving the minimal required earning.
The low percentage of webcam newcomers is easily described: emotionally taxing job, hazard of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that never come on time. It brings about a situation of many young versions completely leaving the field after their first encounter.
A program built on open source code, transparency and blockchain facilities will radically differ from current semi-legal and closed systems.
Low accessibility barrier will attract more types 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 offering for the model’ ersus 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. سكس لايف Whenever some of them will move to the category of paying clients, it will probably completely change webcam market landscape. It is quite possible, 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 aspect: 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 access to a private chat.
Every website has it is diva. They are usually promoted by the website itself, put on top of the ratings and looked at by the largest audience. It is always a closed mechanism, which in turn harms the customer who’ n like to see the actual advice about the model’ s rating and it harms other designs who lose the income due to unfairly low ratings. Besides, unfair rating is just an extra source of psychological anxiety 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 market
In the end, blockchain will lead to creation of any unique unprecedented online program, with independent financially insured 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 forced to have “ mainstream” shows, 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 coming from providing services for a smaller audience. It can be just a friendly conversation or specific intimate interests.