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 producing blockchain into financial field, but it can you porno.com be used in many various other fields. For example , Live Celebrities company has found, one could think, an unexpected application for blockchain — webcam organization.
Webcam is the most technologically advanced branch of online adult movie industry. Models (usually, women) converse with video chat users and, for additional payments, offer, strip and perform specific actions of sexual characteristics. It’ s often carried out with own funds and information — all you need is a world wide web camera, Internet access and a living room. However , there are specialized broadcasters, where several models could work at the same time. Webcams monumentally vary from offline part of sex sector and porn videos. The important thing differences are the absence of physical contact between the model as well as the client and all the obligations are non-cash.
How does it work?
Behind every model, there is a crowd of additional personnel: agency owners, business managers, staffed internal deal platforms.
Every link in this chain subtracts their share of the model’ s earning. A model doing work at the agency usually will get 20– 25% of what her client paid. Even self-employed models get about 40%, with the rest taken by the webcam hosting tools.
The client under no circumstances 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 model and at the each level the paid sum endures transfer and conversion service fees. When the “ tokens” are ordered, a percentage goes to the online finances or banking service, when the client pays with this kind of token, webcam platform gets its share and there is another intermediate party at the cash withdrawal stage.
Besides, to receive their repayment in the first place, the model need to first earn the minimal required sum, specified inside the contract, usually about 50 dollars. Incidentally, 99% of men 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– 5 days spent for loan company 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 identity theft and models are afraid of deanonymization, blackmail and hazards of exposing their job to their friends and family and friends. Studio management might employ threats and fear to force the models to continue working and the streaming solutions might illegally use personal information of both, models and clients.
Such platforms always use some form of ID to verify the individuality of their models for internal purposes, it is a vital part of how they work. And each system makes their own client data source, collecting the payment info on when, what for and just how much each client gives, geolocation data and sometimes needs ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The internet is full of interviews with webcam models who fell victim to blackmail.
— It’ s unsafe to work at the studio room if you want to keep your identity secret. I can tell you a story of a version, whose work was recorded plus 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 if the contract runs out or when the model just would like 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 hazardous field of work?
The main difference is comprehensive 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 removes them from the chain. Security of data storage and transfer in blockchain technology can be above and beyond anything else we have today. Identity verification will nonetheless take place, since all models has to 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 he was approved by management, will always be encrypted.
Blockchain ventures fully solve the issue of the client’ s anonymity.
The very transaction method will be significantly quicker, since the intermediary banks and the need to convert money in to the platform’ s internal payment means are completely removed from the picture. The latter is substituted by LIVE tokens, which can be used to pay for the program or be sold at a symbol exchange platform. At the moment, in case the client happens to have some internal platform currency they bought but did not spent yet, they cannot get their money back by any means, if they wish to do so, as no platform offers refunds or resale opportunities.
The payment method itself becomes simpler and includes possibility of attaching added 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 of the payment and not a moment in the future.
Possibility of purchase errors is removed as well — blockchain technology will not allow for mistakes and deal errors, when the customer’ s i9000 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 products register on the top-tier websites daily.
79% are newcomers, who hardly ever worked at this platform
10% of them can continue working on the same system
60% have 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 do not come on time. It brings about a situation of many young models completely leaving the discipline after their first experience.
A system built on open source code, transparency and blockchain commercial infrastructure will radically differ from current semi-legal and closed platforms.
Low admittance barrier will attract more products and lack of negative financial experience will increase the percentage of the who will chose to stay.
If the clients will be 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 content with free live streams and doesn’ t pay anything at all, 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 will eventually completely change webcam industry landscape. It is quite possible, the fact that general direction of such platform will become less porn-orientated and move towards just 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, on their own of servers. Nobody, like the website administration, will have access to a private chat.
Every website has their diva. They are usually promoted by the website itself, put near the top of the ratings and looked at by the largest audience. It will always be a closed mechanism, which harms the customer who’ g like to see the actual advice about the model’ s rating and it harms other types who lose the salary due to unfairly low evaluations. Besides, unfair rating is merely an extra source of psychological tension for the model. The open source code will permits 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 the unique unprecedented online platform, with independent financially insured webcam models who finally left behind the discomfort of constant stress and the consumers completely certain in their security and anonymity.
The content is bound to change as well: currently models feel pushed to have “ mainstream” displays, something, that majority of clientele are ready to pay for, just to incorporate some income. In the conditions of the secure and open platform, they can produce income by providing services for a smaller sized audience. It can be just a friendly conversation or specific lovemaking interests.