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- A German Telecom Behemoth, Deutsche Telekom’s subsidiary, T-Systems MMS, engages with its infrastructure for its upkeep and security.
- To show the cooperation, Deutsche Telekom’s purchased Polkadot’s Native token DOT.
- Polkadot has a market capitalization of $27.8 Billion with a current price standing at $28.26, down by 3.67 % in the last 24 hours.
“Blockchain of Blockchain” infrastructure, Polkadot, a development of Parity Project, has partnered with the German Telecom Behemoth Deutsche Telekom’s subsidiary, T-Systems MMS.
An announcement was made that secure communication among the blockchains will be promoted by T-Systems MMS. Polkadot’s infrastructure will be utilized by T-Systems MMS for entering into the open blockchain network of Polkadot as a validator. Additionally, DOT Tokens are acquired by the German Telecom Giant and will assist in Interoperability among decentralized blockchain networks functioning on the mainchain of Polkadot.
Solution for Lacking Interoperability Among Blockchains
Polkadot’s indigenous token Dot is currently standing at no. 10 in terms of market capitalization, having a valuation of more than $27 Billion. No details were disclosed in the announcement regarding how many DOT tokens were acquired by the T-Systems MMS.
The primary objective of the Polkadot network is to provide solutions for the lacking interoperability among the blockchains that are now data silos in general. The relay chain of Polkadot, Polkadot’s central chain, offers coordination to interact among various parallel networks, also known as parachains. By engaging as a validator in the network of Polkadot, a safe and reliable swapping of messages among independent blockchains is supported by the T-Systems MMS.
For infrastructure’s functionality and provision, Open Telekom Cloud will be utilized by the subsidiary of Deutsche Telekom. As per T-Systems MMS, robust requirements are met by the Open Telekom Cloud for compliance and safety in the legitimate framework of Europe, and OTC’s independence assists the decentralization and thus the Blockchain Network’s flexibility.
Future Perspective of a Linked World
Blockchain Solution Center’s Head at T-System, Dr. Andreas Dittrich, stated, “ 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.”
As per the information of the organization, Deutsche Telekom is one of the most prominent telecom organizations on the globe, having 22 million broadband connections, 27 Million fixed network connections, and 242 million cell phone subscribers. T-System, having approx. 28,000 employees provide end to end unified IT solutions, pushing the virtual transformation of the organizations in the government sector as well as in all the industries.
Finally, with this support, we can assume that the interoperability among the blockchains will be improved by the Polkadot Network, increasing the growth of the blockchains’ ecosystem. Polkadot is down by 3.67 % in the previous 24 hours, priced at $28.26 as of this writing, but the trading volume is up by 36.93 %.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
