Deutsche Telekom Subsidiary T-Systems Has Become a Chainlink Node Operator July 22, 2020 July 22, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJuly 22, 2020 by Kelly Cromley

Deutsche Telekom Subsidiary T-Systems Has Become a Chainlink Node Operator

T-Systems, a subsidiary of Deutsche Telekom has ventured into transaction validator in blockchain arena by becoming a Chainlink (LINK) node operator.

Germany based Deutsche Telekom, which has over 200,000 employees, has a market cap of $80 billion.

The news of Deutsche Telekom subsidiary turning into a node operator, providing decentralized data feeds, is a noteworthy development.

T-Systems has referred the process of functioning as a node operator as “generalized mining.”

In its media release, T-Systems has stated:

“By providing real-world data to the Chainlink network, T-Systems MMS engages in a so-called ‘generalized mining’, where it provides an IT service to a blockchain network while getting paid in digital assets for reliably doing so. As there is a significant value locked in DeFi, such IT services play an important role in the overall Ethereum ecosystem.”

T-Systems, which has over 2,000 employees and recorded a turnover of €176 million in 2019, has been involved in digitizing large enterprises and medium sized firms.

Gleb Dudka, an analyst at T-Systems MMS, said the company trusts it has a responsibility to support public network infrastructure:

“You could even say duty as a telecom company to be a public blockchain network infrastructure provider.”

Even though, at the beginning, T-Systems will function as only a node operator, telecom focused real world scenarios based on blockchain technology, including roaming settlement, is being studied, as per Dudka.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.