• By acquiring DOT, Deutsche Telekom becomes a Polkadot Node Validator

  • Deutsche Telekom will provide secure infrastructure support via its open cloud network as part of the partnership.

    Deutsche Telekom AG, Europe’s largest telecommunications business, is utilizing Polkadot, an interoperable blockchain platform. In addition to its financial backing for Polkadot, the Deutsche Telekom AG company has purchased a considerable number of DOT.

    Furthermore, the telecom behemoth is going to become a Polkadot validator through one of its subsidiaries, T-Systems Multimedia Solutions (MMS). However, this is not the first time Deutsche Telekom has taken part in a blockchain initiative.

    Previously, it worked on providing infrastructure support for Oracle service provider Chainlink’s proof-of-stake consensus techniques. Furthermore, Deutsche Telekom has collaborated with the mobile-focused DeFi network Celo, as well as Dapper Labs’ flow blockchain.

    Deutsche Telekom will use Polkadot to take advantage of the blockchain’s potential to organize interactions between several parallel networks.

    MMS from T-Systems will provide security infrastructure.

    T-Systems MMS, a subsidiary of Deutsche Telekom, will use the Open Telekom Cloud to securely provide and operate the infrastructure. It will meet the European legislative framework’s stringent security and compliance requirements.

    The Open Telecom Cloud’s independent operation will aid in the decentralization and resilience of the blockchain network. Dr. Andreas Dittrich, Head of the Blockchain Solutions Center at T-Systems MMS, commented on this development:

    “As Deutsche Telekom, we have always encouraged collaboration between individuals and businesses, and we are doing it again with decentralized technology.” Polkadot is a heterogeneous multi-chain network that allows different blockchains with diverse features to communicate with one other while maintaining common security. We have a strong belief in this future vision of a networked world.”

    In addition, Dittrich explained the investment rationale in DOT. In an interview, he stated:

    “Like we did with Celo, we are investing in DOT tokens to participate in network governance and basically put our money where our mouth is to back our infrastructure case.” The big difference now is that we are not using a VC [venture capital] or innovation budget; we are doing this through our business unit. As a result, this has truly become a business case for us. I have to say, I’m very proud of what we’re doing.”

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