Chainlink’s winning streak doesn’t seem to end anytime soon, as the leading decentralized data oracle service on-boarded the Deutsche Telekom’s partner T-Systems to act as a Chainlink node operator for secure and reliable data provision on Jul 22. The T-Systems latest decision will pave the way for the company, to act as a supporting component of Decentralized Finance (DeFi) and Web 3.0, by powering nodes, validators, orchestrators, transcoders, witnesses, and block producers.
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
The T-Systems will also engage in a form of infrastructure provisioning called “Generalized Mining”, which will allow it to earn incentives in form of digital assets, by providing IT services to the network. They will further support Chainlink operations with their secure infrastructure and plan to support Chainlink’s LINK staking feature, once it goes live.
“Chainlink is the first public blockchain network to which we are currently providing infrastructure and will provide staking services in the future. This brings us a lot closer to our vision of establishing public blockchains as the basis for numerous use-cases” – Dr. Andreas Dittrich, Head of Blockchain Solutions Center of T-Systems Multimedia Solutions
T-Systems is a German global IT services and consulting company, which is a subsidiary of Deutsche Telekom. Operating in 20 countries, it is one of the largest European IT service companies. The company has its headquarters in Frankfurt, Germany.
Chainlink is a decentralized data oracles service, which connects smart contracts to off-chain real world events information. The oracles are secure, resistant to manipulation and thus reliable. The main product Chainlink price reference contracts consists of 30 DeFi price feeds, on the Ethereum network, each consisting of 7 to 21 secure, independent Sybil resistant nodes, sourcing data from a high quality aggregator.