SpankChain is a revolutionary blockchain based economic and technological infrastructure for the adult industry. Built on Ethereum, our smart contracts allow us to eliminate third party intermediaries and unfair payment practices while providing more powerful privacy and security.
In this paper, we present SpankChain, an adult entertainment ecosystem powered by blockchain technology. The SpankChain ecosystem possesses a tiered architecture featuring three layers: SpankChain Core, SpankChain Services, and SpankChain Applications. SpankChain Core is comprised of smart contracts and tooling which provide the foundational functionalities necessary to operate a streaming or static content distribution application, namely a user profile system and payment capabilities. The SpankChain Services layer contains a suite of ancillary services which add enhance functionality to applications built upon SpankChain Core, including payment channel hubs, age verification, live video, an ad network, an affiliate network, indexing/search, and an interface builder. SpankChain Applications exist on top of SpankChain Core, leveraging various SpankChain Services. The applications layer is a collection of branded interfaces that tie together underlying pieces of the ecosystem to attract paying audiences. The SpankChain team will develop the ecosystem’s first application, a live cam site aptly named SpankChain. SpankChain utilizes a multi-token economic model, beginning with the SPANK token. SPANK is a staking token which can be utilized to mint alternative tokens, offering specific payment and governance rights throughout the SpankChain ecosystem. The multi-token model is designed to abstract away ecosystem-wide coordination processes from mechanisms which meter platform usage rights. We also introduce a novel verification game called Proof-of-Spank to address underage model swapping and simultaneously incentivize active participation in the SpankChain ecosystem.