Joining Chainlink as a node operator, Deutsche Telekom’s T-Systems MMS will provide real-world data to the network.
By Julia Sakovich
Updated
2 mins read
Just recently it has become officially revealed that Chainlink welcomed Deutsche Telekom’s T-Systems MMS as its new node operator. According to the announcement published on the official T-Systems web page, it will earn digital assets for ensuring the efficient interaction between external data and smart contracts of the network.
We’re thrilled to welcome @DeutscheTelekom’s @TSystems_MMS IT Services group to Chainlink. @Tsystemscom’s world-class infrastructure team secures a large amount of enterprise value today & is now on mainnet helping secure Chainlink’s oracle network.
— Chainlink (@chainlink) July 22, 2020
Such activity is dubbed in the statement as “generalized mining”. And of course, this new form of cooperation is a big deal bot only for the crypto world but for a wider community as well. Today Deutsche Telekom is one of the most prominent German enterprises with a market cap of over $80 bln.
The company revealed:
“Due to the decentralized structure of Chainlink’s oracle solution and the incentives tied to its provisioning, the developer and user of a smart contract can rely on the off-chain data supplied by the Chainlink Network. We at T-Systems Multimedia Solutions want to strengthen the network with our professional infrastructure, as well as monetize the data we provide through it via a native digital asset of the network.”
Gleb Dudka, who is an analyst at T-Systems MMS, said that despite the fact that the company starts its crypto-related activities just as a node operator, its further integration in the field is possible. According to him, telecom-specific use cases for blockchain are under consideration as well.
Let us also mention, that Chainlink is a crypto asset that has made a lot of headlines recently. Last week it overtook Litecoin and Binance Coin as the 8th largest crypto by market cap. At the time of writing, trading at $7.56, with a market cap of around $650 million, LINK is the 10th biggest coin.
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Julia is an experienced content writer. She works with various topics and business domains, including but not limited to blockchain, cryptocurrencies, AI, and software development. Her articles are regularly featured on reputable news websites and IT business portals. Currently, Julia is the Editor-in-Chief at Coinspeaker.
