Swisscom will become a Chainlink node operator

Swisscom is a Switzerland-based telecommunications company, has said it will join Chainlink’s oracle network as a node operator. 

The telecommunications firm said it would be entering the decentralized finance, or DeFi, space by becoming an oracle node operator as part of a pilot program with the Chainlink network. The node, run by Swisscom’s digital asset division, will “continuously feed digital asset price data” to the network and allow applications on Chainlink to better settle financial contracts.

Swisscom Digital Business fintech innovation manager Dominic Vincenz said:

“Making reliable off-chain data available on decentralized networks is a critical success factor for the future development of digital assets.”

Swisscom said the opportunities available in the DeFi space were important given the “increasing shift of transactions, contracts and assets to blockchain-based infrastructures.” Although the company only specified it would be acting as a Chainlink node operator, its digital asset team said it saw “no end in sight to the growth of decentralized financial applications.”

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