Article Archive for ‘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 — incorporate porn and blockchain technology
Blockchain will eventually change many aspects of our world. Usually, we hear about bringing out blockchain into financial ball, but it can be used in many additional fields. For example , Live Celebrities company has found, one may think, an unexpected application for blockchain — webcam business.
Webcam is considered the most technologically advanced branch of online porno industry. Models (usually, women) converse with video chat users and, for additional payments, position, strip and perform particular actions of sexual character. It’ s often carried out with own funds and information — 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 and the client and all the obligations are non-cash.
How does it work?
Behind every model, there is a crowd of other personnel: agency owners, business managers, staffed internal transaction platforms.
Every single link in this chain subtracts their share of the model’ s earning. A model doing work at the agency usually will get 20– 25% of what her client paid. Actually self-employed models get about 40%, with the rest used by the webcam hosting programs.
The client never pays directly to the unit, they usually use some form of conditional currency, valid on one particular website. The funds do not go directly to the version and at the each stage the paid sum undergoes transfer and conversion charges. When the “ tokens” are ordered, a percentage goes to the online wallet or banking service, when the client pays with this token, webcam platform gets its share and there is a further intermediate party at the money withdrawal stage.
Besides, to receive their payment in the first place, the model must first earn the nominal required sum, specified in the contract, usually about 50 dollars. Incidentally, 99% of men 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 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 field — lack of transparency. No one feel confident in anyone — clients are afraid of identity theft and models fear so much deanonymization, blackmail and hazards of exposing their job to their friends and loved ones. Studio management might make use of threats and fear to force the models to keep working and the streaming providers might illegally use personal information of both, models and clients.
Many of these platforms always use some form of ID to verify the identification of their models for interior purposes, it is a vital component to how they work. And each platform makes their own client repository, collecting the payment information regarding when, what for and just 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 internet is full of interviews with web cam models who fell victim to blackmail.
— It’ s not safe to work at the facility if you want to keep your identity solution. I can tell you a story of a style, 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 when the contract runs out or when the model just would like to quit. What to do with that, no one knows.
Impegno, a webcam model
Blockchain the Savior
According to have Stars, how can blockchain improve this semi-legal and often dangerous 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 concerns we mentioned thus far.
Tokenization removes the advantages of intermediaries and completely gets rid of them from the chain. Secureness of data storage and transfer in blockchain technology can be above and beyond anything else we have today. Identity verification will even now take place, since all models has to be of the full legal age to work in this field, however the model can remove some of their personal information from the system 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 deals fully solve the issue of the client’ s anonymity.
The very transaction method will be significantly quicker, since the intermediary banks plus 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 assistance or be sold at a symbol exchange platform. At the moment, in the event the client happens to have some inside platform currency they bought but did not spent yet, they cannot get their money back at all, if they wish to do so, as no platform offers repayments or resale opportunities.
The payment process itself becomes simpler and includes possibility of attaching more 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 with the payment and not a moment afterwards.
Possibility of deal errors is removed as well — blockchain technology will not allow for mistakes and transaction errors, when the customer’ ersus funds are blocked by bank.
What will Live Stars change?
What does such system looks like? What will change for its participants: clients and versions?

On average, 250 new versions register on the top-tier websites daily.
79% are newcomers, who never worked at this platform
10% of them definitely will 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 described: 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 designs completely leaving the field after their first experience.
A platform built on open source code, transparency and blockchain infrastructure will radically differ from current semi-legal and closed tools.
Low entrance barrier will attract more types and lack of negative monetary experience will increase the percentage of the people 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 whatever, 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 industry landscape. It is quite possible, that general direction of many of these platform will become less porn-orientated and move towards just simply lesbijski sex 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, independently 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 viewed by the largest audience. It will always be a closed mechanism, which harms the customer who’ m like to see the actual information about the model’ s rating and it harms other designs who lose the salary due to unfairly low evaluations. Besides, unfair rating is merely an extra source of psychological tension for the model. The open source code will enables anyone to make sure, that the rating is distributed in a reasonable and objective manner.
The future of webcam market
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 consumers completely certain in their reliability and anonymity.
The content is bound to change too: currently models feel pushed to have “ mainstream” shows, something, that majority of customers are ready to pay for, just to have some income. In the conditions of a secure and open program, they can produce income from providing services for a smaller audience. It can be just a friendly conversation or specific lovemaking interests.

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