Monthly Archives: February 2002

How blockchain will change web cam business: security and invisiblity

How blockchain will change web cam business: security and invisiblity

Live Stars offers a 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 ballpark, but it can be used in many different fields. For example , Live Superstars company has found, one may possibly think, an unexpected application intended for blockchain — webcam organization.
Webcam is among the most technologically advanced branch of online porn industry. Models (usually, women) converse with video chat users and, for additional payments, offer, strip and perform a number of actions of sexual characteristics. It’ s often completed with own funds and resources — all you need is a internet camera, Internet access and a space. However , there are specialized studios, where several models could work at the same time. Webcams monumentally differ from offline part of sex market and porn videos. The important thing differences are the absence of physical contact between the model and the client and all the payments are non-cash.
How does it work?
Behind every version, there is a crowd of other personnel: agency owners, facilities managers, staffed internal purchase platforms.
Every link in this chain subtracts their share of the model’ s earning. A model working at the agency usually will get 20– 25% of what her client paid. Possibly self-employed models get about 40%, with the rest taken by the webcam hosting platforms.
The client hardly ever pays directly to the version, they usually use some form of conditional currency, valid on one particular website. The funds will not go directly to the model and at the each level the paid sum undergoes 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 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 inside the contract, usually about 50 bucks. Incidentally, 99% of male models usually do not get paid also this much. Besides, these repayments do not reach their individual right away. The platform can hold the payment for any period of time among a week and a month or maybe more. And you can add 3– 5 days spent for bank 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 identity theft and models fear so much deanonymization, blackmail and dangers of exposing their job to their friends and family and friends. Studio management might work with threats and fear to force the models to stay working and the streaming providers might illegally use personal information of both, models and clients.
Such platforms always use some form of IDENTITY to verify the id of their models for inner purposes, it is a vital a part of how they work. And each system makes their own client data source, collecting the payment details about when, what for and just how much each client gives, geolocation data and sometimes demands ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The net is full of interviews with web cam models who fell fodder to blackmail.
— It’ s not safe to work at the facilities if you want to keep your identity secret. 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 parents as well. The same can happen if the contract runs out or perhaps when the model just wants to quit. What to do with that, no one knows.
Lena, a webcam model
Blockchain the Messiah
According to Live Stars, how can blockchain boost this semi-legal and often dangerous field of work?
The main difference is comprehensive anonymity guaranteed by the program and replacement of internal transaction processing system with tokens.
This solves almost all concerns we mentioned thus far.
Tokenization removes the need for intermediaries and completely takes away them from the chain. Secureness of data storage and copy in blockchain technology is definitely above and beyond anything else we have today. Identity verification will nonetheless take place, since all models should 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 having been approved by management, will always be protected.
Blockchain ventures fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, because the intermediary banks and the need to convert money in the platform’ s internal repayment means are completely removed from the picture. The latter is changed by LIVE tokens, which 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 internal 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 repayments or resale opportunities.
The payment procedure itself becomes simpler and includes possibility of attaching extra modules and ways of repayment.
The types 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 later.
Possibility of deal errors is removed as well — blockchain technology will not allow for mistakes and transaction errors, when the customer’ h funds are blocked by the bank.
What is going to Live Stars sex kamerka change?
What does such platform looks like? What will change because of its participants: clients and versions?

On average, 250 new products register on the top-tier websites daily.
80% are newcomers, who never worked at this platform
10% of them will certainly 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, hazard of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that by no means come on time. It leads to a situation of many young products completely leaving the discipline after their first experience.
A platform built on open source code, transparency and blockchain structure will radically differ from current semi-legal and closed programs.
Low access barrier will attract more designs and lack of negative financial 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 offering for the model’ s i9000 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. Whenever some of them will move to the class of paying clients, it will probably completely change webcam industry landscape. It is quite possible, that the general direction of such platform will become less porn-orientated and move towards only personal communication, which is what attracts the clients to begin with.
Another important aspect: private video chats and text chats will use webRTC based on one-to-one principle, independent of each other of servers. Nobody, such as website administration, will have entry 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 viewed by the largest audience. It will always be a closed mechanism, which in turn harms the customer who’ d like to see the actual advice about the model’ s rating and it harms other models who lose the profits due to unfairly low ratings. 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 sector
In the end, blockchain will lead to creation of a unique unprecedented online platform, with independent financially guaranteed webcam models who finally left behind the discomfort of constant stress and the consumers completely certain in their protection and anonymity.
The content is bound to change too: currently models feel pushed to have “ mainstream” shows, something, that majority of consumers are ready to pay for, just to incorporate some income. In the conditions of your secure and open program, they can produce income coming from providing services for a more compact audience. It can be just a friendly conversation or specific sex-related interests.