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

Live Stars offers a fresh perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will soon change many aspects of our lives. Usually, we hear about introducing blockchain into financial field, but it can be used in many different fields. For example , Live Actors company has found, one might think, an unexpected application for blockchain — webcam organization.
Webcam is considered the most technologically advanced branch of online adult movie industry. Models (usually, women) converse with video chat users and, for additional payments, present, strip and perform a number of actions of sexual character. It’ s often completed with own funds and resources — all you need is a net camera, Internet access and a living room. However , there are specialized companies, where several models can function at the same time. Webcams monumentally vary from offline part of sex market and porn videos. The true secret differences are the absence of physical contact between the model plus the client and all the obligations are non-cash.
How does it work?
Behind every style, there is a crowd of different personnel: agency owners, studio managers, staffed internal transaction platforms.
Every single link in this chain deducts their share of the model’ s earning. A model working at the agency usually receives 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 by no means pays directly to the version, 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 endures transfer and conversion costs. When the “ tokens” are ordered, a percentage goes to the online budget or banking service, when the client pays with this token, webcam platform gets its share and there is another intermediate party at the funds withdrawal stage.
Besides, to receive their payment in the first place, the model must first earn the little required sum, specified in the contract, usually about 50 dollars. Incidentally, 99% of men models usually do not get paid even this much. Besides, these obligations do not reach their beneficiary right away. The platform can hold the payment for any period of time between a week and a month or maybe more. And latin women nude you can add 3– 5 days spent for loan provider transfer process.
These are just symptoms of the core problem of this ballpark — 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 friends and family. Studio management might make use of threats and fear to force the models to stay working and the streaming solutions might illegally use personal data of both, models and clients.
Such platforms always use some form of IDENTITY to verify the identity of their models for inside purposes, it is a vital component to how they work. And each platform makes their own client repository, collecting the payment info on when, what for and just how much each client compensates, geolocation data and sometimes calls for ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The net is full of interviews with cam models who fell feed to blackmail.
— It’ s unsafe to work at the studio room if you want to keep your identity magic formula. I can tell you a story of a unit, 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 perhaps when the model just wishes to quit. What to do with that, no one knows.
Ardore, a webcam model
Blockchain the Saving grace
According to Live Stars, how can blockchain boost this semi-legal and often harmful field of work?
The main difference is total anonymity guaranteed by the system 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. Protection of data storage and copy in blockchain technology is usually above and beyond anything else we have today. Identity verification will even now take place, since all models must 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 ventures fully solve the issue of the client’ s anonymity.
The very transaction method will be significantly quicker, while the intermediary banks and the need to convert money into the platform’ s internal repayment means are completely taken from the picture. The latter is changed by LIVE tokens, that can be used to pay for the program or be sold at a symbol exchange platform. At the moment, in the event the client happens to have some interior platform currency they bought but did not spent but, they cannot get their money back in any respect, if they wish to do so, since no platform offers repayments or resale opportunities.
The payment procedure itself becomes simpler and includes possibility of attaching further modules and ways of payment.
The models 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 purchase errors is removed as well — blockchain technology does not allow for mistakes and deal errors, when the customer’ h funds are blocked by the bank.
What will Live Stars change?
What does such platform looks like? What will change for its participants: clients and types?

On average, 250 new designs register on the top-tier websites daily.
a majority are newcomers, who do not worked at this platform
10% of them will certainly continue working on the same program
60% are forced 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 ends up with a situation of many young types completely leaving the field after their first encounter.
A platform 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 versions and lack of negative fiscal experience will increase the percentage of those 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’ ersus service will increase. Currently, majority of 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. Whenever some of them will move to the category of paying clients, it is going to completely change webcam industry 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, separately of servers. Nobody, including the website administration, will have use of a private chat.
Every website has it is diva. They are usually promoted by website itself, put towards the top of the ratings and looked at by the largest audience. It usually is a closed mechanism, which will harms the customer who’ g like to see the actual information about the model’ s rating and it harms other versions who lose the income due to unfairly low evaluations. Besides, unfair rating is just an extra source of psychological tension 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 any 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 protection and anonymity.
The content is bound to change too: currently models feel forced to have “ mainstream” shows, something, that majority of customers are ready to pay for, just to have some income. In the conditions of the secure and open platform, they can produce income from providing services for a smaller sized audience. It can be just a friendly conversation or specific intimate interests.