Polkadot is Deutsche Telekom’s latest crypto experiment

Europe’s largest telecommunications company, Deutsche Telekom AG, is doing its best to support Polkadot, a framework that can work with public blockchains developed by Ethereum co-founder Gavin Wood.

Deutsche Telekom’s digital innovation subsidiary, T-Systems Multimedia Solutions (MMS), does not carelessly support blockchain technology.

The telecommunications company is digging deep into space by providing the infrastructure that supports (and participates in) the PoS consensus mechanism of the Oracle blockchain service chain, powered by Chainlink, Flow from pioneer Dapper Labs in the NFT and mobile payment priority network Celo. is operated .

With the entry into Polkadot, the innovation department of the Germans goes one step further: T-Systems not only provides a node-running infrastructure with which users can put assets on Polkadot, but also buys a “worthwhile” amount, the crypto -Business functionality integrated into the telecommunications accounting system.

According to Andreas Dittrich, head of the Blockchain Solutions Center at Deutsche Telekom, Polkadot is the fourth blockchain that Deutsche Telekom works with, but the first network that T-Systems evaluates for the operation of the infrastructure and has been in the company’s sights from the start is the beginning. Therefore, T-Systems will operate several private and public validators for the Polkadot network.

“Just like with Celo before, we are also investing in DOT tokens in order to participate in the governance of the network and to use our funds essentially to support infrastructure use cases. The key difference is that it is no longer venture capital or innovation budget, but we do it ourselves with our own business unit. So this is really a business case. I have to say, I’m really proud that we are doing this. ”

T-Systems might have had to wait a year or two for Polkadot to go live, but the time for this bold step is clear: The first round of the Polkadot Parachain auctions is coming to an end and the network is open to 5 builders. First app this week .

It is not surprising that T-Systems would like to build its own applications on substrates, the Polkadot blockchain programming framework, in 2022.

“We’ve had our eye on substrates for some time, it’s the last corner of our magic triangle: investment, infrastructure, and use cases. That is why we are also planning to develop decentralized applications on substrates. ”

Currently, decentralized financial applications, stablecoins and Ethereum-compatible protocols are at the heart of “Layer 1” networks built on “Layer 0” of Polkadot.

With regard to the use cases identified by T-Systems, Dittrich refers to the beginnings of the enterprise blockchain, when Deutsche Telekom joined the Linux-linked Hyperledger of the licensed ledger.

“I find the possibilities that Polkadot offers for an enterprise-class use case really exciting. It offers you the flexibility and security of a permissionless but isolated public blockchain thanks to parachains and interoperability between use cases. So even the good old supply chain use case reaps a lot from Polkadot, and I know big industrial groups are definitely keeping an eye on this ecosystem. ”

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