{"id":7196,"date":"2021-08-05T14:41:30","date_gmt":"2021-08-05T13:41:30","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=7196"},"modified":"2021-08-05T14:41:34","modified_gmt":"2021-08-05T13:41:34","slug":"swisscom-sets-to-become-a-node-operator-in-chainlinks-network","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/swisscom-sets-to-become-a-node-operator-in-chainlinks-network\/","title":{"rendered":"Swisscom sets to become a node operator in Chainlink’s network"},"content":{"rendered":"\n
Swisscom, a telecommunications corporation based in Switzerlan<\/a>d, announced that it will become a node operator in Chainlink's oracle network, the partnership will help make reliable off-chain data available on decentralized networks.<\/h5>\n\n\n\n
\"Swisscom<\/figure>\n\n\n\n

The telecommunications company announced on Thursday that it would enter the decentralized finance (DeFi)\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> industry as an oracle node operator as part of a pilot program with the Chainlink network.<\/p>\n\n\n\n

Swisscom's digital asset business will administer the node, which will “continuously transmit digital asset pricing data” to the network, allowing Chainlink apps to better settle financial transactions.<\/p>\n\n\n\n

“Making accurate off-chain data available on decentralized networks is a vital success factor for the future development of digital assets,” Dominic Vincenz, financial innovation manager at Swisscom Digital Business, stated.<\/p>\n\n\n\n

The potential in the DeFi domain, according to Swisscom, is critical given the “growing migration of transactions, contracts, and assets to blockchain-based infrastructures.”<\/p>\n\n\n\n

Despite the fact that the corporation simply stated that it will be functioning as a Chainlink node operator, its digital asset team stated that \u201cthe expansion of decentralized financial applications has no end in sight.\u201d<\/p>\n\n\n\n

Chainlink has been onboarding partner integrations<\/a> at a rate of more than 1.4 per day, with nearly 300 distinct crypto projects joining the network this year.<\/p>\n\n\n\n

Coin Metrics and various blockchain-powered games are among the third-party integrations that are likely allowing Chainlink to safeguard billions of dollars using smart contracts.<\/p>\n\n\n\n

Swisscom has about 19,000 employees and over 6 million mobile subscribers, with the Swiss government owning 51% of the company.<\/p>\n","protected":false},"excerpt":{"rendered":"

Swisscom, a telecommunications corporation based in Switzerland, announced that it will become a node operator in Chainlink’s oracle network, the partnership will help make reliable off-chain data available on decentralized networks. The telecommunications company announced on Thursday that it would enter the decentralized finance (DeFi) industry as an oracle node operator as part of a […]<\/p>\n","protected":false},"author":12,"featured_media":7199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[73,9],"tags":[852,1982,1981],"class_list":["post-7196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-news","category-tech","tag-chainlink","tag-node-operator","tag-swisscom"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Swisscom-sets-to-become-a-node-operator-in-Chainlinks-network-scaled.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=7196"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/7199"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=7196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=7196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=7196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}