Live Stars offers a brand new perspective at the problems of webcam industry — combine porn and blockchain technology
Blockchain will eventually change many aspects of our activities. Usually, we hear about bringing out blockchain into financial ball, but it can be used in many various other fields. For example , Live Superstars company has found, one may well think, an unexpected application for blockchain — webcam business.
Webcam is considered the most technologically advanced branch of online adult industry. Models (usually, women) converse with video chat users and, for additional payments, offer, strip and perform certain actions of sexual dynamics. It’ s often completed with own funds and solutions — all you need is a world wide web big tits bbw camera, Internet access and a living room. However , there are specialized studios, where several models can perform at the same time. Webcams monumentally differ 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 model, there is a crowd of other personnel: agency owners, studio room managers, staffed internal transaction platforms.
Each link in this chain subtracts their share of the model’ s earning. A model operating at the agency usually obtains 20– 25% of what her client paid. Possibly self-employed models get regarding 40%, with the rest used by the webcam hosting tools.
The client under no circumstances pays directly to the style, they usually use some form of conditional currency, valid on one particular website. The funds usually do not go directly to the style and at the each level the paid sum undergoes transfer and conversion fees. When the “ tokens” are purchased, a percentage goes to the online budget or banking service, when the client pays with this kind of token, webcam platform gets its share and there is an additional intermediate party at the money withdrawal stage.
Besides, to receive their payment in the first place, the model need to first earn the little required sum, specified inside the contract, usually about $50. Incidentally, 99% of men models usually do not get paid also 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 even more. And you can add 3– 5 various days spent for bank transfer process.
These are just symptoms of the core problem of this ballpark — lack of transparency. Nobody feel confident in any individual — clients are afraid of identity theft and models are afraid of deanonymization, blackmail and hazards of exposing their work to their friends and friends and family. Studio management might work with threats and fear to force the models to keep working and the streaming providers might illegally use personal data of both, models and clients.
Many of these platforms always use some form of IDENTITY to verify the personality of their models for interior purposes, it is a vital component to how they work. And each system makes their own client databases, collecting the payment information about when, what for and just how much each client gives, geolocation data and sometimes requires ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The web is full of interviews with webcam models who fell prey to blackmail.
— It’ s unsafe 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 and 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 perhaps when the model just wishes to quit. What to do with that, no person knows.
Ardore, a webcam model
Blockchain the Saving grace
According to have Stars, how can blockchain improve this semi-legal and often harmful field of work?
The main difference is total anonymity guaranteed by the system and replacement of internal payment system with tokens.
This solves almost all complications we mentioned thus far.
Tokenization removes the advantages of intermediaries and completely removes them from the chain. Protection 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 has to be of the full legal age to work in this field, nevertheless the model can remove any kind 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 orders fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, seeing that the intermediary banks and the need to convert money in to the platform’ s internal repayment means are completely taken off the picture. The latter is changed by LIVE tokens, that can be used to pay for the services or be sold at a token exchange platform. At the moment, if the client happens to have some internal platform currency they bought but did not spent yet, they cannot get their money back in any way, if they wish to do so, seeing that no platform offers repayments or resale opportunities.
The payment method itself becomes simpler and includes possibility of attaching more 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 with the payment and not a moment later.
Possibility of deal errors is removed as well — blockchain technology will not allow for mistakes and transaction errors, when the customer’ s i9000 funds are blocked by bank.
What will Live Stars change?
What does such system looks like? What will change due to its participants: clients and types?
On average, 250 new designs register on the top-tier websites daily.
80% are newcomers, who do not worked at this platform
10% of them can 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 described: emotionally taxing job, danger of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that by no means come on time. It brings about a situation of many young models completely leaving the field after their first knowledge.
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 products and lack of negative economic 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 offering for the model’ s service will increase. Currently, many webcam audience is content with free live streams and doesn’ t pay anything, 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 will eventually completely change webcam industry landscape. It is quite possible, that the general direction of such platform will become less porn-orientated and move towards simply 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, separately of servers. Nobody, such as the website administration, will have entry to a private chat.
Every website has their diva. They are usually promoted by the website itself, put at the top of the ratings and seen by the largest audience. It will always be a closed mechanism, which usually harms the customer who’ n like to see the actual advice about the model’ s rating and it harms other versions who lose the salary due to unfairly low evaluations. 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 ranking is distributed in a fair and objective manner.
The future of webcam sector
In the end, blockchain will lead to creation of your 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 security and anonymity.
The content is bound to change as well: currently models feel pushed to have “ mainstream” shows, something, that majority of clients are ready to pay for, just to incorporate some income. In the conditions of a secure and open system, they can produce income from providing services for a smaller sized audience. It can be just a friendly conversation or specific lovemaking interests.