How blockchain will change webcam business: security and anonymity

Live Stars offers a brand new 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 presenting blockchain into financial sphere, but it can be used in many other fields. For example , Live Stars 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 adult industry. Models (usually, women) converse with video chat users and, for additional payments, pose, strip and perform selected actions of sexual nature. It’ s often carried out with own funds and methods — all you need is a web camera, Internet access and an area. However , there are specialized galleries, where several models could work at the same time. Webcams monumentally differ from offline part of sex industry and porn videos. The true secret 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 various other personnel: agency owners, studio room managers, staffed internal transaction platforms.
Each link in this chain deducts their share of the model’ s earning. A model doing work at the agency usually receives 20– 25% of what her client paid. Also self-employed models get regarding 40%, with the rest used by the webcam hosting systems.
The client hardly ever pays directly to the version, they usually use some form of conditional currency, valid on one particular website. The funds usually do not go directly to the version and at the each stage the paid sum undergoes transfer and conversion charges. When the “ tokens” are purchased, a percentage goes to the online finances or banking service, if the client pays with this token, webcam platform gets its share and there is an additional intermediate party at the income withdrawal stage.
Besides, to receive their payment in the first place, the model must first earn the little required sum, specified inside the contract, usually about $50. Incidentally, 99% of men models usually do not get paid possibly this much. Besides old milf, 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 maybe more. And you can add 3– your five days spent for loan provider transfer process.
These are just symptoms of the core problem of this world — lack of transparency. Nobody feel confident in any individual — clients are afraid of id theft and models are afraid of deanonymization, blackmail and hazards of exposing their job to their friends and family and friends. Studio management might make use of threats and fear to force the models to carry on working and the streaming providers 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 identification of their models for inside purposes, it is a vital element of how they work. And each platform makes their own client database, collecting the payment information regarding when, what for and how much each client compensates, geolocation data and sometimes demands ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The internet is full of interviews with web cam models who fell victim to blackmail.
— It’ s unsafe to work at the business if you want to keep your identity solution. I can tell you a story of a model, whose work was recorded as well as 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 wishes to quit. What to do with that, nobody knows.
Impegno, a webcam model
Blockchain the Messiah
According to Live Stars, how can blockchain boost this semi-legal and often unsafe field of work?
The main difference is complete anonymity guaranteed by the program and replacement of internal transaction processing system with tokens.
This solves almost all challenges we mentioned thus far.
Tokenization removes the need for intermediaries and completely takes away them from the chain. Security of data storage and transfer in blockchain technology is usually above and beyond anything else we have today. Identity verification will nonetheless take place, since all models must be of the full legal age to work in this field, nevertheless 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 he was 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, while the intermediary banks as well as the need to convert money in to the platform’ s internal payment means are completely taken out of the picture. The latter is substituted by LIVE tokens, which may be used to pay for the support or be sold at a token exchange platform. At the moment, if the client happens to have some interior platform currency they bought but did not spent but, they cannot get their money back the slightest bit, if they wish to do so, since no platform offers refunds or resale opportunities.
The payment procedure itself becomes simpler and includes possibility of attaching added modules and ways of repayment.
The versions do not have to wait for months to get what they earned. The transaction comes at the moment with the payment and not a moment afterwards.
Possibility of transaction errors is removed too — blockchain technology would 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 system looks like? What will change due to the participants: clients and designs?

On average, 250 new models register on the top-tier websites daily.
a majority are newcomers, who by no means worked at this platform
10% of them will certainly continue working on the same system
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 hardly ever come on time. It results in a situation of many young models completely leaving the field 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 websites.
Low accessibility barrier will attract more designs 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, most webcam audience is quite happy with free live streams and doesn’ t pay nearly anything, 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 is going to completely change webcam sector landscape. It is quite possible, that general direction of such platform will become less porn-orientated and move towards 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, on their own of servers. Nobody, such as the website administration, will have access to 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 is usually a closed mechanism, which in turn harms the customer who’ deb like to see the actual advice about the model’ s rating and it harms other models who lose the money due to unfairly low evaluations. Besides, unfair rating is merely an extra source of psychological pressure for the model. The open source code will allows 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 your unique unprecedented online system, with independent financially guaranteed webcam models who finally left behind the discomfort of constant stress and the clients completely certain in their security and anonymity.
The content is bound to change as well: 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 your secure and open program, they can produce income from providing services for a small audience. It can be just a friendly conversation or specific lovemaking interests.