Deutsche Telekom’s T-Systems Joins Chainlink as Node Operator

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 – Official Channel (@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.