Crypto NewsPolkadot (DOT)

T-Systems MMS from Deutsche Telekom accesses Polkadot and buys DOT tokens

                                                            Die Tochter der Deutschen Telekom AG – T-Systems Multimedia Solutions (MMS) – ist kein Neuling in der Welt der Blockchain-Technologie.  In der neuesten Entwicklung ist Polkadot (DOT) die vierte Blockchain, die der deutsche Telekommunikationsriese in seine Liste aufgenommen hat.  Darüber hinaus hat es eine nicht genannte Menge an DOT-Token gekauft.

The latest move comes at a time when next-generation blockchains have left the hype behind and are experiencing growing adoption. It also solidifies the telecommunications company’s ambitious plans as the industry evolves.

Deutsche Telekom and Polkadot

According to the company, T-Systems Multimedia Solutions has bought a significant portion of Polkadot’s native DOT tokens. Polkadot is the brainchild of Etheruem co-founder Dr. Gavin Wood and is designed to house various interconnected, application-specific sub-chains, also known as parachains.

Dr. Andreas Dittrich, Head of the Blockchain Solutions Center at MMS, spoke about Deutsche Telekom’s openness to researching collaboration between people and companies. The announcement also mentioned that the company will operate numerous private as well as public validators for the Polkadot network.

Deutsche Telekom is one of the world’s leading integrated telecommunications companies. Hence, his support for Polkadot shows an increasing interest in the ecosystem. But the subsidiary has more plans.

Dittrich announced that T-Systems Multimedia Solutions intends to develop its own applications on the Blockchain programming framework Substrates from Polkadot in the future. It enables developers to build and publish a blockchain with different functions for the needs of different projects.

Recently, staking services have become quite an innovative business model for legacy telecommunications companies. In February of this year, the subsidiary of Europe’s largest telecommunications company became one of the most important data providers for the well-known Oracle network Chainlink.

T-Systems also announced that it is staked on the Flow Network, the proof-of-stake blockchain (PoS) developed by Dapper Labs. It announced that it would start staking other chains in the coming days.

Recently, Deutsche Telekom made a similarly significant purchase of Cello’s native asset CELO.

After five years of technical development, the open source blockchain platform announced the launch of the first Parachains last week, namely Acala, Moonbeam, Parallel Finance, Astar and Clover. The main objective behind creating these parallel chains is to create new opportunities through interconnected chains and to create the conditions for the next phase of the decentralized Internet, Web3.

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Source: Crypto News Deutsch

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