A Subsidiary of T-Mobile’s Parent, Deutsche Telekom, Becomes Chainlink Node Operator to Secure the Oracle Network
- T systems MMS, an affiliate of Mega German Telco Company Deutsche Telekom, has onboarded Chainlink as a node operator.
- The latest partner could only consolidate Chainlink’s spot as the top oracle solution provider.
News has now emerged that German-based T systems MMS has onboarded Chainlink as a node operator. This was announced on Chainlink’s official twitter page.
T systems MMS is a subsidiary of Deutsche Telekom, a mega player in the German Telco industry. They currently enjoy a market cap north of $80Billion boasting of around 200000 employees. T systems MMS has around 2100 staff offering expertise IoT applications while working on new business models to improve the consumer experience. They generated 176 Million Euros in revenue last year.
Dr. Andreas Dittrich, Blockchain solutions lead at T systems highlighted that Chainlink is the first Blockchain initiative they have pursued, citing that their global and digitalized needs input from multiple parties. Hence, deeming interaction with the real-life world essential to any Blockchain initiative adding that partnership further aligns them with their goal manifesting public Blockchains for multiple scenarios.
An analyst at T-Systems MMS, Gleb Dudka believes that it is almost as a duty to Telco companies to provide public Blockchain Network infrastructure. He has cited that they might consider exploring the potential of Blockchain in Telecom specific scenarios such as roaming settlements tipped to trim telco capital costs.
Meanwhile, the LINK has grown steadily and is currently trading at $7.47 recording trading volumes of $653,494,267 in the past 24 hours. They are enjoying a market capitalization of $2,615,749,456, with 350,000,000 LINK in circulation as per this writing.
Chainlink’s Aggressive Expansion
Notably, Chainlink is set to surpass Ethereum in development spending by almost $25 Million by the end of 2020, despite the latter’s market cap dwarfing Chainlink’s. They are issuing 500000 LINKS twice every month to node operators. This is more than the $30 Million Ethereum is projected to spend to reward its node operators.