Live Stars offers a new 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 bringing out blockchain into financial ballpark, but it can be used in many different fields. For example , Live Stars company has found, one may think, an unexpected application for blockchain — webcam organization.
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 specific actions of sexual mother nature. It’ s often completed with own funds and information — all you need is a world wide web camera, Internet access and a space. However , there are specialized companies, where several models can function at the same time. Webcams monumentally differ from offline part of sex sector and porn videos. The important thing differences are the absence of physical contact between the model and the client and all the repayments are non-cash.
How does it work?
Behind every style, there is a crowd of different personnel: agency owners, facility managers, staffed internal purchase platforms.
Every single link in this chain deducts their share of the model’ s earning. A model operating at the agency usually will get 20– 25% of what her client paid. Possibly self-employed models get regarding 40%, with sexy porno the rest taken by the webcam hosting websites.
The client by no means pays directly to the model, they usually use some form of conditional currency, valid on one particular website. The funds tend not to go directly to the style and at the each stage the paid sum suffers transfer and conversion fees. When the “ tokens” are ordered, a percentage goes to the online pocket book or banking service, when the client pays with this token, webcam platform gets its share and there is an additional intermediate party at the dollars withdrawal stage.
Besides, to receive their payment in the first place, the model need to first earn the nominal required sum, specified in the contract, usually about 50 dollars. Incidentally, 99% of guy models usually do not get paid actually this much. Besides, these obligations do not reach their receiver 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– 5 days spent for loan company transfer process.
These are just symptoms of the core problem of this ballpark — lack of transparency. No person feel confident in any individual — clients are afraid of personality theft and models fear so much deanonymization, blackmail and threats of exposing their work to their friends and family members. Studio management might apply threats and fear to force the models to remain working and the streaming services might illegally use personal information of both, models and clients.
Many of these platforms always use some form of IDENTIFICATION to verify the identity of their models for inner purposes, it is a vital a part of how they work. And each platform makes their own client repository, collecting the payment info on when, what for and how much each client will pay, geolocation data and sometimes requires ID as well.
Security and anonymity of provided data completely depends on the integrity of the intermediaries. The net is full of interviews with web cam models who fell feed to blackmail.
— It’ s not safe 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 when the contract runs out or when the model just desires to quit. What to do with that, nobody knows.
Ardore, a webcam model
Blockchain the Saving grace
According to have Stars, how can blockchain improve this semi-legal and often risky field of work?
The main difference is total anonymity guaranteed by the program and replacement of internal transaction processing system with tokens.
This solves almost all complications we mentioned thus far.
Tokenization removes the advantages of intermediaries and completely removes them from the chain. Secureness of data storage and transfer in blockchain technology is definitely above and beyond anything else we have today. Identity verification will even now 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 maintained the open source code. The uploaded data, after he was approved by management, will always be encrypted.
Blockchain transactions fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, as 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 substituted by LIVE tokens, that can be used to pay for the assistance or be sold at a symbol exchange platform. At the moment, if the client happens to have some inner platform currency they bought but did not spent however, they cannot get their money back in any way, 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 more 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 purchase errors is removed too — blockchain technology would not allow for mistakes and transaction errors, when the customer’ s i9000 funds are blocked by the bank.
What will Live Stars change?
What does such system looks like? What will change for its participants: clients and designs?
On average, 250 new products register on the top-tier websites daily.
80 percent are newcomers, who by no means worked at this platform
10% of them can continue working on the same program
60% are forced to quit, due to not achieving the minimal required earning.
The low percentage of webcam newcomers is easily discussed: emotionally taxing job, threat of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that under no circumstances come on time. It ends up with a situation of many young designs completely leaving the discipline after their first experience.
A platform built on open source code, transparency and blockchain system will radically differ from current semi-legal and closed websites.
Low entrance barrier will attract more designs and lack of negative financial experience will increase the percentage of the people 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 content with free live streams and doesn’ t pay anything at all, afraid of dealing with unclear and potentially dangerous payment system. If perhaps some of them will move to the category of paying clients, it can completely change webcam market 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 factor: private video chats and text chats will use webRTC based on one-to-one principle, independent of each other of servers. Nobody, like the website administration, will have use 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 seen by the largest audience. It will always be a closed mechanism, which usually harms the customer who’ n like to see the actual information about the model’ s rating and it harms other designs who lose the money due to unfairly low ratings. 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 rating is distributed in a good and objective manner.
The future of webcam sector
In the end, blockchain will lead to creation of any unique unprecedented online program, with independent financially insured 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 as well: currently models feel pressured to have “ mainstream” displays, something, that majority of consumers are ready to pay for, just to have some income. In the conditions of the secure and open system, they can produce income by providing services for a smaller audience. It can be just a friendly conversation or specific sex interests.