German telecom giant supports Polkadot, acquires DOT tokens.
T-Systems MMS, a subsidiary of German telecom giant Deutsche Telekon, takes part with its infrastructure in securing and maintaining the Polkadot network.
T-Systems MMS, a subsidiary of German telecom giant Deutsche Telekon, takes part with its infrastructure in securing and maintaining the Polkadot network. As a part of the partnership, T-Systems MMS acquires DOT tokens.
Polkadot, the "blockchain of blockchains" infrastructure developed by the Parity project, has entered an association with T-Systems MMS(MultiMedia Solutions). a subsidiary of the German telecommunications giant Deutsche Telekom.
According to the declaration, T-Systems MMS will "promote secure communication between blockchain." T-Systems MMS will use its framework to take an interest in the Polkadot public blockchain network as a validator. Moreover, T-Systems MMS has acquired DOT tokens and will support the interoperability between decentralized blockchain networks running on the Polkadot mainchain.
Solves the lack of interoperability between blockchains
DOT, the native token of the Polkadot network, is ranked 10 by market cap at a current valuation of over $32 billion. The declaration does exclude data on the amount of DOT tokens acquired by T-Systems MMS.
Polkadot intends to solve the lack of interoperability between blockchains, which today are normally data silos. Polkadot's relay chain, the central chain of Polkadot, arranges the interactions between different parallel networks. called parachains. By participating in the Polkadot network as a validator, T-Systems MMS" support the safe and trustworthy exchange of messages between independent blockchains."
For the arrangement and activity of the framework, the Deutsche Telekom auxiliary will utilize the Open Telekom Cloud. As per T-Systems MMS, the OTC meets the severe necessities for security and consistency in the European lawful structure, and "the freedom of the Open Telekom Cloud upholds the decentralization and accordingly the strength of the blockchain network."
The future vision of a connected world
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,”
According to company data, Deutsche Telekom is one of the biggest telecommunications enterprises in the world, with 242 million mobile subscribers, 27 million fixed networks lined, and 22 million broadband lines, The subsidiary T-Systems with approx 28000 employees, "offers integrated end-to-end IT solutions, driving the digital transformation of companies in all ventures and the public area."
As per organization data, Deutsche Telekom is probably the biggest media transmission undertakings on the planet, with 242 million versatile endorsers, 27 million fixed-network lines, and 22 million broadband lines. The auxiliary T-Systems with around 28 000 representatives, "offers coordinated start to finish IT arrangements, driving the computerized change of organizations in all ventures and the public area."