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 soon change many aspects of our lives. Usually, we hear about introducing blockchain into financial field, but it can be used in many other fields. For example , Live Personalities company has found, one may well think, an unexpected application meant for blockchain — webcam business.
Webcam is the most technologically advanced cam coppie branch of online adult movie industry. Models (usually, women) converse with video chat users and, for additional payments, present, strip and perform specific actions of sexual dynamics. It’ s often completed with own funds and assets — all you need is a net camera, Internet access and a room. However , there are specialized broadcasters, where several models can function at the same time. Webcams monumentally vary from offline part of sex industry and porn videos. The important thing differences are the absence of physical contact between the model plus the client and all the obligations are non-cash.
How does it work?
Behind every style, there is a crowd of other personnel: agency owners, facilities managers, staffed internal purchase platforms.
Each link in this chain deducts their share of the model’ s earning. A model working at the agency usually receives 20– 25% of what her client paid. Actually self-employed models get about 40%, with the rest used by the webcam hosting websites.
The client by no means pays directly to the unit, 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 fees. When the “ tokens” are ordered, a percentage goes to the online finances 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 money 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 actually this much. Besides, these repayments do not reach their beneficiary right away. The platform can hold the payment for any period of time between a week and a month or even more. And you can add 3– 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 identification theft and models are afraid of deanonymization, blackmail and hazards of exposing their work to their friends and family. Studio management might employ threats and fear to force the models to remain working and the streaming companies might illegally use personal information of both, models and clients.
Such platforms always use some form of IDENTIFICATION to verify the identification of their models for inside purposes, it is a vital component to how they work. And each program makes their own client data source, collecting the payment details about when, what for and just how much each client pays, geolocation data and sometimes wants ID as well.
Security and anonymity of provided data completely depends upon what integrity of the intermediaries. The web is full of interviews with livecam models who fell food to blackmail.
— It’ s not safe to work at the studio if you want to keep your identity secret. I can tell you a story of a model, 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 really wants to quit. What to do with that, nobody knows.
Ardore, a webcam model
Blockchain the Deliverer
According to Live Stars, how can blockchain boost this semi-legal and often unsafe field of work?
The main difference is comprehensive anonymity guaranteed by the program and replacement of internal payment system with tokens.
This solves almost all challenges we mentioned thus far.
Tokenization removes the advantages of intermediaries and completely cleans away them from the chain. Reliability of data storage and transfer in blockchain technology is certainly above and beyond anything else we have today. Identity verification will still 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 program 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, because the intermediary banks plus the need to convert money into the platform’ s internal payment means are completely taken from the picture. The latter is changed by LIVE tokens, that can be used to pay for the service or be sold at a token exchange platform. At the moment, if the client happens to have some interior platform currency they bought but did not spent however, they cannot get their money back at all, if they wish to do so, seeing that no platform offers refunds or resale opportunities.
The payment process itself becomes simpler and includes possibility of attaching more modules and ways of payment.
The models 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 too — blockchain technology will not allow for mistakes and purchase errors, when the customer’ h funds are blocked by bank.
What will Live Stars change?
What does such system looks like? What will change due to the participants: clients and designs?

On average, 250 new types register on the top-tier websites daily.
80% are newcomers, who do not worked at this platform
10% of them is going to continue working on the same program
60% have to quit, due to not achieving the minimal required earning.
The low percentage of webcam newcomers is easily described: emotionally taxing job, threat of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that hardly ever come on time. It leads to a situation of many young models 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 systems.
Low access barrier will attract more products and lack of negative monetary experience will increase the percentage of those who will chose to stay.
If the clients happen to be 100% certain of their own security and anonymity, the number of people willing to pay for the model’ s service will increase. Currently, many webcam audience is at ease with free live streams and doesn’ t pay anything at all, afraid of dealing with unclear and potentially dangerous payment system. In the event that some of them will move to the class of paying clients, it is going to completely change webcam sector landscape. It is quite possible, which the general direction of many of these platform will become less porn-orientated and move towards just 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, on their own of servers. Nobody, like the website administration, will have entry to a private chat.
Every website has their diva. They are usually promoted by the website itself, put towards the top of the ratings and looked at by the largest audience. It is usually a closed mechanism, which in turn harms the customer who’ m like to see the actual information about the model’ s rating and it harms other models who lose the money due to unfairly low reviews. Besides, unfair rating is merely an extra source of psychological anxiety for the model. The open source code will enables anyone to make sure, that the score is distributed in a reasonable and objective manner.
The future of webcam sector
In the end, blockchain will lead to creation of an unique unprecedented online system, with independent financially backed webcam models who finally left behind the discomfort of constant stress and the customers completely certain in their reliability and anonymity.
The content is bound to change as well: currently models feel pressured to have “ mainstream” displays, 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 coming from providing services for a more compact audience. It can be just a friendly conversation or specific intimate interests.