It’s been a running gag since the introduction of the video cassette recorder: a new technology comes along and consumer electronics reporters jokingly ask “What’s the porn app for that?”
Most recently porn websites were early adopters of cryptocurrencies like Bitcoin, which gained a reputation for funding illicit purchases online such as drugs and gambling. Cryptocurrencies offer the benefit of anonymity and users don’t have to use their credit cards, which can be a security risk. (See the Bitcoin.com article “The Online Porn Industry Continues to Adopt Bitcoin for Payments” and the Vice article “How Cryptocurrencies Like Bitcoin Could Save the Indie Porn Industry.”)
Blockchain, the technology behind securing and recording Bitcoin transactions, has started to take the business and tech worlds by storm. Companies see the technology being used to secure a host of financial and other record-keeping applications.
So what’s the porn app for blockchain?
The other day I spotted a press release for SpankChain, a blockchain-based economic and technological infrastructure for the adult entertainment industry.
SpankChain is based on Ethereum cryptocurrency and provides privacy and security for payment processing with much lower transaction fees. (See articles by the Huffington Post, International Business Times and Forbes.)
So there you have it, there is a porn app for blockchain.
Related article:
Is there a porn app for that? (Jan. 30, 2016)
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