How blockchain will change livecam business: security and anonymity

Live Stars offers a fresh perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will eventually change many aspects of our lives. Usually, we hear about launching blockchain into financial sphere, but it can be used in many other fields. For example , Live Personalities company has found, one may well think, an unexpected application intended for blockchain — webcam organization.
Webcam is among the most technologically advanced branch of online porno industry. Models (usually, women) converse with video chat users and, for additional payments, pose, strip and perform certain actions of sexual mother nature. It’ s often done with own funds and assets — all you need is a web camera, Internet access and a living room. However , there are specialized studios, 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 as well as the client and all the repayments are non-cash.
How does it work?
Behind every version, there is a crowd of other personnel: agency owners, business managers, staffed internal purchase platforms.
Every single link in this chain subtracts their share of the model’ s earning. A model operating at the agency usually obtains 20– 25% of what her client paid. Actually self-employed models get regarding 40%, with the rest taken by the webcam hosting websites.
The client do not pays directly to the model, they usually use some form of conditional currency, valid on one particular website. The funds do not go directly to the model and at the each level the paid sum suffers transfer and conversion service fees. When the “ tokens” are ordered, a percentage goes to the online pocket book or banking service, when the client pays with this kind of token, webcam platform gets its share and there is one other intermediate party at the dollars withdrawal stage.
Besides, to receive their payment in the first place, the model must first earn the minimal required sum, specified in the contract, usually about 50 dollars. Incidentally, 99% of male models usually do not get paid possibly this much. Besides, these obligations do not reach their person right away. The platform can hold the payment for any period of time among a week and a month or even more. And you can add 3– a few 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 individual — clients are afraid of identification theft and models are afraid of deanonymization, blackmail and hazards of exposing their work to their friends and family members. Studio management might make use of threats and fear to force the models to stay 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 id of their models for inner purposes, it is a vital component to how they work. And each platform makes their own client repository, collecting the payment information about when, what for and just how much each client gives, geolocation data and sometimes requires ID as well.
Security and anonymity of provided data completely depends on the integrity of the intermediaries. The internet is full of interviews with livecam models who fell feed to blackmail.
— It’ s not safe 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 and 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 wants to quit. What to do with that, no one 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 finished anonymity guaranteed lesbian girls sex by the program and replacement of internal payment system with tokens.
This solves almost all challenges we mentioned thus far.
Tokenization removes the need for intermediaries and completely cleans away them from the chain. Secureness 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 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 protected.
Blockchain transactions fully solve the issue of the client’ s anonymity.
The very transaction procedure will be significantly quicker, as the intermediary banks as well as the need to convert money in to the platform’ s internal repayment means are completely taken off the picture. The latter is replaced by LIVE tokens, and this can be used to pay for the services or be sold at a symbol exchange platform. At the moment, in case the client happens to have some inner platform currency they bought but did not spent yet, they cannot get their money back in any respect, if they wish to do so, since 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 versions 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 on.
Possibility of deal errors is removed as well — blockchain technology would not allow for mistakes and purchase 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 types?

On average, 250 new models register on the top-tier websites daily.
many of these 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 explained: emotionally taxing job, danger 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 products completely leaving the field after their first knowledge.
A program built on open source code, transparency and blockchain commercial infrastructure will radically differ from current semi-legal and closed platforms.
Low access barrier will attract more designs and lack of negative economic 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’ ersus service will increase. Currently, most webcam audience is at ease with free live streams and doesn’ t pay anything at all, afraid of dealing with unclear and potentially dangerous payment system. Whenever some of them will move to the category of paying clients, it can completely change webcam industry landscape. It is quite possible, the fact that general direction of many of these platform will become less porn-orientated and move towards just simply personal communication, which is what attracts the clients in the first place.
Another important element: private video chats and text chats will use webRTC based on one-to-one principle, independent of each other of servers. Nobody, including the website administration, will have usage of a private chat.
Every website has it is diva. They are usually promoted by the website itself, put near the top of the ratings and viewed by the largest audience. It will always be 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 types who lose the profits due to unfairly low rankings. 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 rating is distributed in a reasonable 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 backed webcam models who finally left behind the discomfort of constant stress and the clients completely certain in their reliability and anonymity.
The content is bound to change as well: currently models feel pushed to have “ mainstream” displays, something, that majority of clients are ready to pay for, just to have some income. In the conditions of the 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 sexual interests.