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Written by Michael Kapilkovauthor.position.undefinedReviewed by Alex Cohenformer editor

Deutsche Telekom's T-Systems Is Now a Chainlink Node Operator

Latest NewsPublishedJul 22, 2020

A subsidiary of $80 billion German behemoth Deutsche Telekom has become a Chainlink node operator and will engage in "generalized mining."

deutsche-telekoms-t-systems-is-now-a-chainlink-node-operator

A subsidiary of Deutsche Telekom called T-Systems has become a Chainlink (LINK) node operator.

Deutsche Telekom is one of Germany’s leading companies, employing over 200,000 people and has a market capitalization of $80 billion. The fact that one of its subsidiaries is to become a provider of decentralized data feeds that are rewarded in cryptocurrency is significant. T-Systems’ announcement calls this arrangement "generalized mining":

“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 is in the business of digital transformations of large corporations and medium sized companies. The company employs more than 2,000 people and had a turnover of 176 million euros in 2019.

Roaming may be explored in the future

Gleb Dudka, Analyst at T-Systems MMS told Cointelegraph that the company believes it is responsible for supporting public network infrastructure:

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

Although initially T-Systems will be just a node operator, telecom-specific use cases for blockchain tech — such as roaming settlement — are being considered, according to Dudka.

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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