Deutsche Telekom is one of the leading companies in Germany, employing more than 200,000 people and with a market capitalization of $80 billion. Significantly, one of its subsidiaries has become a provider of decentralized data sources that are rewarded in cryptom currencies. T-Systems‘ announcement calls this deal „widespread mining“:
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„By providing real-world data to the Chainlink network, T-Systems MMS participates in so-called ‚generalised mining‘, in which it provides an IT service to a blockchain network while receiving payment in digital assets for doing so reliably. As there is significant blocked value in DeFi, these IT services play an important role in the overall ecosystem of the Ethereum.
T-Systems is in the business of digital transformations for large corporations and mid-sized companies. The company employs more than 2,000 people and had a turnover of 176 million euros in 2019.
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Gleb Dudka, an analyst at T-Systems MMS told Cointelegraph that the company feels it is responsible for supporting the public network infrastructure:
„You could even say that the duty of a telecommunication company is to be an infrastructure provider for the public blockchain network.“
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Although initially T-Systems will be only a node operator, cases of use of Bitcoin System technology specific to telecommunications, such as the roaming agreement, are being considered, according to Dudka.