How blockchain will change cam business: security and being anonymous

Live Stars offers a brand new perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will soon change many aspects of our world. Usually, we hear about presenting blockchain into financial ballpark, but it can be used in many other fields. For example , Live Stars company has found, one could think, an unexpected application meant for blockchain — webcam business.
Webcam is 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 particular actions of sexual character. It’ s often done with own funds and information — all you need is a internet camera, Internet access and a space. However , there are specialized studios, where several models can perform at the same time. Webcams monumentally differ from offline part of sex industry and porn videos. The real key differences are the absence of physical contact between the model as well as the client and all the payments are non-cash.
How does it work?
Behind every style, there is a crowd of additional personnel: agency owners, business managers, staffed internal transaction platforms.
Each 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. Even self-employed models get about 40%, with the rest used by the webcam hosting systems.
The client never pays directly to the version, they usually use some form of conditional currency, valid on one particular website. The funds usually do not go directly to the unit and at the each stage the paid sum endures transfer and conversion costs. When the “ tokens” are purchased, a percentage goes to the online finances or banking service, if the client pays with this token, webcam platform gets its share and there is one more intermediate party at the dollars withdrawal stage.
Besides, to receive their repayment in the first place, the model need to first earn the nominal required sum, specified inside the contract, usually about $50. Incidentally, 99% of guy models usually do not get paid even 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 if not 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 anyone — clients are afraid of id theft and models are afraid of deanonymization, blackmail and hazards of exposing their job to their friends and family. Studio management might employ threats and fear to force the models to remain working and the streaming products and services might illegally use personal data of both, models and clients.
Such platforms always use some form of IDENTITY to verify the identification of their models for inner purposes, it is a vital element of how they work. And each system makes their own client repository, collecting the payment details about when, what for and just how much each client pays off, geolocation data and sometimes needs ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The web is full of interviews with web cam models who fell fodder to blackmail.
— It’ s not safe to work at the facility if you want to keep your identity magic formula. I can tell you a story of a version, whose work was recorded plus the videos were sent to her boyfriend. There were threats to send these videos to her parents as well. The same can happen if the contract runs out or when the model just really wants to quit. What to do with that, nobody knows.
Ardore, a webcam model
Blockchain the Saving grace
According to Live Stars, how can blockchain boost this semi-legal and often dangerous field of work?
The main difference is full anonymity guaranteed by the program and replacement of internal payment processing system with tokens.
This solves almost all challenges we mentioned thus far.
Tokenization removes the advantages of intermediaries and completely removes them from the chain. Protection 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 must be of the full legal age to work in this field, nevertheless the model can remove any of their personal information from the program 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, as 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 changed by LIVE tokens, which can be used to pay for the program or be sold at a symbol exchange platform. At the moment, in the event the milf client happens to have some internal platform currency they bought but did not spent but, 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 method itself becomes simpler and includes possibility of attaching additional modules and ways of repayment.
The models do not have to wait for months to get what they earned. The transaction comes at the moment in the payment and not a moment in the future.
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 the bank.
What is going to Live Stars change?
What does such platform looks like? What will change for its participants: clients and models?

On average, 250 new types register on the top-tier websites daily.
80 percent are newcomers, who do not worked at this platform
10% of them is going to continue working on the same platform
60% have to quit, due to not reaching the minimal required earning.
The low percentage of webcam newcomers is easily described: emotionally taxing job, risk of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that do not come on time. It results in a situation of many young types completely leaving the field after their first knowledge.
A system built on open source code, transparency and blockchain structure will radically differ from current semi-legal and closed websites.
Low access barrier will attract more versions and lack of negative monetary experience will increase the percentage of the who will chose to stay.
If the clients are 100% certain of their own security and anonymity, the number of people offering for the model’ h service will increase. Currently, many webcam audience is quite happy 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, 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 to begin with.
Another important feature: private video chats and text chats will use webRTC based on one-to-one principle, individually of servers. Nobody, such as the website administration, will have use of a private chat.
Every website has their diva. They are usually promoted by website itself, put on top of the ratings and viewed by the largest audience. It will always be a closed mechanism, which will harms the customer who’ n like to see the actual advice about the model’ s rating and it harms other versions who lose the income due to unfairly low scores. Besides, unfair rating is merely an extra source of psychological anxiety for the model. The open source code will permits anyone to make sure, that the rating is distributed in a fair and objective manner.
The future of webcam industry
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 as well: currently models feel compelled 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 system, they can produce income out of providing services for a small audience. It can be just a friendly conversation or specific sexual interests.