German telecom giant supports Polkadot
T-Systems MMS, a subsidiary of German telecom giant Deutsche Telekom, contributes infrastructure to the Polkadot network’s security and upkeep. T-Systems MMS obtains DOT tokens as part of the cooperation.
Polkadot, the Parity project’s “blockchain of blockchains” architecture, has partnered with T-Systems MMS (MultiMedia Solutions), an unit of the German telecommunications giant Deutsche Telekom.
T-Systems MMS, according to the statement, will “promote secure communication between blockchains.” T-Systems MMS will use its technology to act as a validator in the Polkadot public blockchain network. T-Systems MMS has also bought DOT tokens and will facilitate the interoperability of decentralized blockchain networks based on the Polkadot mainchain.
DOT, the Polkadot network’s native coin, is ranked tenth by market cap, with a current worth of more than $32 billion. The release makes no mention of the number of DOT tokens purchased by T-Systems MMS.
The Open Telekom Cloud will be used by the German giant Deutsche Telekom subsidiary to provide and operate the infrastructure. According to T-Systems MMS, the OTC satisfies the high security and compliance standards in the European regulatory environment, and “the independence of the Open Telekom Cloud supports decentralization and thus the resilience of the blockchain network.”
Dr. Andreas Dittrich, Head of the Blockchain Solutions Center at T-Systems MMS, says:
“As Deutsche Telekom, we have always supported the collaboration of people and companies, now also with decentralized technologies. Polkadot is a heterogeneous, multi-chain network allowing various blockchains of different characteristics to perform arbitrary, cross-chain communication under shared security. We fully believe in this future vision of a connected world,”
With 242 million mobile users, 27 million fixed-network lines, and 22 million broadband connections, Deutsche Telekom is one of the world’s largest telecommunications companies. T-Systems, a subsidiary with around 28 000 workers, “provides integrated end-to-end IT solutions, driving the digital transformation of companies across all industries and the public sector.”