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Archive for January, 2002

How blockchain will change cam business: security and invisiblity

Wednesday, January 30th, 2002

How blockchain will change cam business: security and invisiblity

Live Stars offers a fresh perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will soon change many aspects of our activities. Usually, we hear about introducing blockchain into financial field, but it can be used in many other fields. For example , Live Celebrities company has found, one might think, an unexpected application meant for blockchain — webcam business.
Webcam is considered the most technologically advanced branch of online adult porn industry. Models (usually, women) converse with video chat users and, for additional payments, present, strip and perform selected actions of sexual character. It’ s often completed with own funds and methods — all you need is a world wide web camera, Internet access and an area. However , there are specialized dojos, where several models could work at the same time. Webcams monumentally vary 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 obligations are non-cash.
How does it work?
Behind every version, there is a crowd of additional personnel: agency owners, studio room managers, staffed internal deal 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. Also self-employed models get about 40%, with the rest taken by the webcam hosting platforms.
The client never pays directly to the version, they usually use some form of conditional currency, valid on one particular website. The funds will not go directly to the unit and at the each stage the paid sum undergoes transfer and conversion fees. When the “ tokens” are ordered, a percentage goes to the online pocket or banking service, if the client pays with this kind of 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 little required sum, specified in the contract, usually about 50 bucks. Incidentally, 99% of men models usually do not get paid even this much. Besides, these repayments do not reach their recipient 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– a few days spent for loan provider transfer process.
These are just symptoms of the core problem of this world — lack of transparency. No one feel confident in anyone — clients are afraid of id theft and models are afraid of deanonymization, blackmail and dangers of exposing their work to their friends and family members. Studio management might use threats and fear to force the models to remain 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 IDENTITY to verify the id of their models for inside purposes, it is a vital element of how they work. And each platform makes their own client repository, collecting the payment details about when, what for and how much each client pays, geolocation data and sometimes demands ID as well.
Security and anonymity of provided data completely depends on the integrity of the intermediaries. The internet is full of interviews with webcam models who fell victim to blackmail.
— It’ s not safe to work at the business if you want to keep your identity secret. 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 father and mother as well. The same can happen if the contract runs out or when the model just desires to quit. What to do with that, nobody knows.
Impegno, a webcam model
Blockchain the Saving grace
According to have Stars, how can blockchain boost this semi-legal and often hazardous field of work?
The main difference is comprehensive anonymity guaranteed by the system and replacement of internal payment processing system with tokens.
This solves almost all problems we mentioned thus far.
Tokenization removes the advantages of intermediaries and completely gets rid of them from the chain. Security of data storage and copy 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 supported by the open source code. The uploaded data, after he was approved by management, will always be protected.
Blockchain orders fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, because the intermediary banks as well as the need to convert money into the platform’ s internal repayment means are completely taken out of the picture. The latter is changed by LIVE tokens, which may be used to pay for the service or be sold at a token exchange platform. At the moment, in the event the client happens to have some internal platform currency they bought but did not spent however, they cannot get their money back by any means, 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 extra modules and ways of repayment.
The versions 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 in the future.
Possibility of transaction errors is removed too — blockchain technology will not allow for mistakes and deal errors, when the customer’ ersus funds are blocked by the bank.
What will Live Stars change?
What does such platform looks like? What will change due to its participants: clients and types?

On average, 250 new products register on the top-tier websites daily.
many of these are newcomers, who hardly ever worked at this platform
10% of them will certainly continue working on the same system
60% have to quit, due to not reaching 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 hardly ever come on time. It brings about a situation of many young models completely leaving the field after their first encounter.
A system built on open source code, transparency and blockchain facilities will radically differ from current semi-legal and closed programs.
Low accessibility barrier will attract more types and lack of negative monetary experience will increase the percentage of the who will chose to stay.
If the clients happen to be 100% certain of their own security and anonymity, the number of people offering for the model’ ersus service will increase. Currently, webcam shemaile most of webcam audience is quite happy with free live streams and doesn’ t pay whatever, afraid of dealing with unclear and potentially dangerous payment system. If perhaps some of them will move to the category of paying clients, it will completely change webcam market landscape. It is quite possible, that general direction of such platform will become less porn-orientated and move towards only personal communication, which is what attracts the clients in the first place.
Another important factor: private video chats and text chats will use webRTC based on one-to-one principle, on their own of servers. Nobody, including the website administration, will have usage of a private chat.
Every website has the 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 always a closed mechanism, which usually harms the customer who’ d like to see the actual information about the model’ s rating and it harms other types who lose the cash flow due to unfairly low evaluations. Besides, unfair rating is just an extra source of psychological stress for the model. The open source code will enables anyone to make sure, that the ranking is distributed in a good and objective manner.
The future of webcam market
In the end, blockchain will lead to creation of an unique unprecedented online program, with independent financially backed webcam models who finally left behind the discomfort of constant stress and the buyers completely certain in their security 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 platform, they can produce income via providing services for a more compact audience. It can be just a friendly conversation or specific sex interests.

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