Knowing what we know about sex and innovation, pairing sex with the blockchain seems a natural progression. And that’s exactly what the worst-named application of 2017 intends to do.
SexService.io — in case you couldn’t take the hint from men and women listing a price next to scantily-clad photos — is an escort platform that protects both prostitutes and their clientele by facilitating hookups via blockchain technology. It’s anonymous; the service uses no emails or user credentials, and no one has access to private data as it’s encrypted and stored on the blockchain.
It’s also touted as a safer, more secure alternative to traditional means of, um, picking up hookers. All interactions are secure, and the decentralized platform uses a two-step digital payment to process these transactions — think of it as Coinbase for your junk.
Kidding aside, all studies point to safer prostitution being a better alternative to prohibition. Lust is big business, and conservative estimates peg the global spend at $186 billion. That’s a lot of revenue for impoverished countries, like India, home of an estimated three million prostitutes raking in a combined $8.4 billion annually.
It’s hard not to poke fun, but sexService.io could be a step in the right direction. By decentralizing payments and user data, the app fills two of the sex industry’s biggest holes: payments and discretion. It’s not going to fix everything wrong with the sex industry, but it’s a start.
No matter how it goes down, sex is a driver of innovation. That statement is as true now as it was in the 1500s when Leonadro da Vinci painted a portrait of Lisa Gheradini, now known as the Mona Lisa — presumably to get all up in ‘dem delicates.