BTC
$105,030.42
-
3.26%
ETH
$2,618.07
-
4.04%
USDT
$1.0003
+
0.03%
XRP
$2.1860
-
4.94%
BNB
$668.37
-
3.00%
SOL
$162.43
-
6.19%
USDC
$0.9999
+
0.01%
DOGE
$0.2047
-
9.41%
TRX
$0.2703
-
2.80%
ADA
$0.6994
-
7.26%
SUI
$3.4347
-
6.05%
HYPE
$32.53
-
6.55%
LINK
$14.49
-
8.96%
AVAX
$21.50
-
9.40%
XLM
$0.2718
-
5.14%
LEO
$9.1323
+
0.86%
TON
$3.2564
-
2.94%
BCH
$404.57
-
4.65%
SHIB
$0.0₄1339
-
7.61%
HBAR
$0.1744
-
6.66%
Logo
  • News
  • Prices
  • Data
  • Indices
  • Research
  • Events
  • Sponsored
  • Sign In
  • Sign Up
Markets
Share this article
X iconX (Twitter)LinkedInFacebookEmail

Telecoms Giant Swisscom Launches Chainlink Node for DeFi Data

Swisscom joins Deutsche Telekom in providing data to the oracle service.

By Tanzeel Akhtar
Updated Sep 14, 2021, 1:36 p.m. Published Aug 5, 2021, 1:00 p.m.
switzerland-swiss-flag-bitcoin

Swisscom, Switzerland’s largest telecommunications provider, is to launch a Chainlink oracle node to provide data for decentralized finance (DeFi).

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

  • Oracle service provider Chainlink said Swisscom is the second telecom company to enter DeFi. Deutsche Telekom, Germany’s largest phone company, is already one of the main data providers to Chainlink.
  • Chainlink co-founder Sergey Nazarov told CoinDesk, Swisscom "has very high security standards, which is important for being a high-quality node operator. But what is even more important is that you now have a trend of multiple enterprises beginning to see the value in running nodes.”
  • Headquartered in Ittigen near Bern, Swisscom is 51% owned by the Swiss government and has around 19,000 employees.
  • The Swiss firm’s digital asset division will head up the program and make sure the oracle node is continuously feeding digital asset price data into the Chainlink network.
  • Blockchain applications, or smart contracts, require off-chain data such as price data for financial contracts or information for an insurance policy. Oracle nodes continuously send data from the outside world into the Chainlink network, where it is then merged and made available in aggregated form for blockchain applications.
  • “We believe that making reliable off-chain data available on decentralized networks is a critical success factor for the future development of digital assets,” said Dominic Vincenz, fintech innovation manager at Swisscom’s digital business.

Read more: An Interview With Chainlink’s Sergey Nazarov

SwisscomTelecommunicationsDeFiChainlink
Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.

X icon
CoinDesk News Image
Latest Crypto News
Article image

Bitcoin Whales Seem to Be Calling a Top as BTC Price Consolidates

18 hours ago

Bitcoin (BTC) price on May 19 (CoinDesk)

Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside

18 hours ago

Breaking News

Breaking New test

21 hours ago

FastNews (CoinDesk)

Fast News test

21 hours ago

Article image

Ethereum Surges 4% on Massive Volume as Institutional Interest Grows.

May 27, 2025

Article image

test research article

May 22, 2025

Top Stories
President Donald Trump (TheDigitalArtist/Pixabay)

Bitcoin Poised to Top Record as Trump Inauguration Nears, Major Coins Due for 10% Swings: Traders

Jan 16, 2025

SHIB-USD 1-month chart shows 24.57% gain ending at $0.00004146 on May 15

Shiba Inu (SHIB) Price Drops 7% in 24 Hours but Remains Up 25% Over the Past Month

May 15, 2025

(CJ/Unsplash)

XRP Futures Start Trading on CME

May 19, 2025

Tax sign (The New York Public Library/Unsplash)

Crypto Capital Gains and Tax Rates 2022

Nov 14, 2022

Swap

Atomic Swaps: What Are They & How Do They Work?

Jan 11, 2024

Bitcoin (BTC) price on May 19 (CoinDesk)

Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside

18 hours ago

Only 2 articles remaining this month.

Sign up for free

About

  • About Us
  • Masthead
  • Careers
  • CoinDesk News
  • Crypto API Documentation

Contact

  • Contact Us
  • Accessibility
  • Advertise
  • Sitemap
  • System Status
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
EthicsPrivacyTerms of UseCookie SettingsDo Not Sell My Info

© 2025 CoinDesk, Inc.
X icon
Sign Up
  • News
    Back to menu
    News
    • Markets
    • Finance
    • Tech
    • Policy
    • Focus
  • Prices
    Back to menu
    Prices
    • Data
      Back to menu
      Data
      • Trade Data
      • Derivatives
      • Order Book Data
      • On-Chain Data
      • API
      • Research & Insights
      • Data Catalogue
      • AI & Machine Learning
    • Indices
      Back to menu
      Indices
      • Multi-Asset Indices
      • Reference Rates
      • Strategies and Services
      • API
      • Insights & Announcements
      • Documentation & Governance
    • Research
      Back to menu
      Research
      • Events
        Back to menu
        Events
        • Consensus Hong Kong
        • Consensus 2026
        • CoinDesk: Policy & Regulation
      • Sponsored
        Back to menu
        Sponsored
        • Thought Leadership
        • Press Releases
        • CoinW
        • MEXC
        • Phemex
        • Advertise
      • Videos
        Back to menu
        Videos
        • CoinDesk Daily
        • Shorts
        • Editor's Picks
      • Podcasts
        Back to menu
        Podcasts
        • CoinDesk Podcast Network
        • Markets Daily
        • Gen C
        • Unchained with Laura Shin
        • The Mining Pod
      • Newsletters
        Back to menu
        Newsletters
        • The Node
        • Crypto Daybook Americas
        • State of Crypto
        • Crypto Long & Short
        • Crypto for Advisors
      • Webinars & Events
        Back to menu
        Webinars & Events
        • Consensus 2025
        • Policy & Regulation Conference
      Select Language
      English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська uk