How blockchain will change livecam business: security and anonymity

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 activities. Usually, we hear about presenting blockchain into financial field, but it can be used in many different fields. For example , Live Superstars company has found, one could think, an unexpected application to get blockchain — webcam business.
Webcam is among the most technologically advanced branch of online porn industry. Models (usually, women) converse with video chat users and, for additional payments, pose, strip and perform selected actions of sexual characteristics. It’ s often carried out with own funds and solutions — all you need is a world wide web camera, Internet access and an area. However , there are specialized companies, where several models can perform at the same time. Webcams monumentally vary from offline part of sex sector 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, studio managers, staffed internal purchase platforms.
Every single link in this chain deducts their share of the model’ s earning. A model functioning at the agency usually will get 20– 25% of what her client paid. Actually self-employed models get about 40%, with the rest taken by the webcam hosting websites.
The client by no means pays directly to the style, 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 costs. When the “ tokens” are purchased, a percentage goes to the online wallet or banking service, if the client pays with this kind of token, webcam platform gets its share and there is a further intermediate party at the income 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 dollars. Incidentally, 99% of men models usually do not get paid also this much. Besides, these repayments 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 maybe more. And you can add 3– five days spent for standard bank transfer process.
These are just symptoms of the core problem of this sphere — lack of transparency. No one feel confident in anyone — clients are afraid of individuality theft and models are afraid of deanonymization, blackmail and threats of exposing their work to their friends and friends and family. Studio management might work with threats and fear to force the models to stay working and the streaming products and services might illegally use information that is personal of both, models and clients.
Such platforms always use some form of ID to verify the id of their models for inner purposes, it is a vital part of how they work. And each system makes their own client data source, collecting the payment info on when, what for and just how much each client pays, geolocation data and sometimes calls for ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The internet is full of interviews with web cam models who fell fodder to blackmail.
— It’ s unsafe to work at the studio room if you want to keep your identity key. I can tell you a story of a version, whose work was recorded and the videos were sent to her boyfriend. There were threats to send these videos to her parents as well. The same can happen when the contract runs out or perhaps when the model just 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 improve this semi-legal and often risky field of work?
The main difference is finished 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 eliminates them from the chain. Security of data storage and copy in blockchain technology is usually above and beyond anything else we have today. Identity verification will nonetheless take place, since all models has to be of the full legal age to work in this field, nevertheless the model can remove any one 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 encrypted.
Blockchain transactions fully solve the issue of the client’ s anonymity.
The very transaction procedure will be significantly quicker, seeing that the intermediary banks plus the need to convert money into the platform’ s internal payment means are completely removed from the picture. The latter is substituted by LIVE tokens, which is often used to pay for the program 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 yet, 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 added modules and ways of payment.
The types 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 later on.
Possibility of purchase errors is removed too — blockchain technology will not allow for mistakes and purchase errors, when the customer’ t funds are blocked by bank.
What is going to Live Stars change?
What does such platform looks like? What will change due to its participants: clients and models?

On average, 250 new designs register on the top-tier websites daily.
a majority are newcomers, who hardly ever worked at this platform
10% of them will 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 leads to a situation of many young models completely leaving the discipline after their first experience.
A program built on open source code, transparency and blockchain facilities will radically differ from current semi-legal and closed platforms.
Low entrance barrier will attract more versions and lack of negative economic 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’ s i9000 service will increase. Currently, many webcam audience is content with free live streams and doesn’ t pay nearly anything, afraid of dealing with unclear and potentially dangerous payment system. In the event that some of them will move to the category of paying clients, it will eventually completely change webcam market landscape. It is quite possible, that the general direction of such platform will become less porn-orientated and move towards merely personal communication, which is what attracts the clients to begin with.
Another important factor: private video chats and text chats will thick curvy milf use webRTC based on one-to-one principle, individually of servers. Nobody, including the website administration, will have access to a private chat.
Every website has its diva. They are usually promoted by the website itself, put on top of the ratings and looked at by the largest audience. It will always be a closed mechanism, which in turn harms the customer who’ g like to see the actual information about the model’ s rating and it harms other designs who lose the money due to unfairly low scores. Besides, unfair rating is merely an extra source of psychological stress for the model. The open source code will allows anyone to make sure, that the score is distributed in a reasonable and objective manner.
The future of webcam industry
In the end, blockchain will lead to creation of the unique unprecedented online program, with independent financially guaranteed webcam models who finally left behind the discomfort of constant stress and the consumers completely certain in their secureness and anonymity.
The content is bound to change too: currently models feel made to have “ mainstream” displays, something, that majority of customers are ready to pay for, just to have some income. In the conditions of your secure and open platform, they can produce income by providing services for a small audience. It can be just a friendly conversation or specific sexual interests.