Deutsche Telekom Becomes Polkadot Node Validator Buying DOT

UTC by Bhushan Akolkar · 2 min read
Deutsche Telekom Becomes Polkadot Node Validator Buying DOT
Photo: Depositphotos

As part of the partnership, Deutsche Telekom will provide secure infrastructure support through it open cloud network.

Deutsche Telekom AG, the biggest telecom company in Europe is tapping into Polkadot, an interoperable framework of blockchains. Extending its support to Polkadot, the Deutsche Telekom AG group has also purchased a significant amount of DOT.

Furthermore, via one of its subsidiaries – T-Systems Multimedia Solutions (MMS) – the telecom giant is also set to become a Polkadot validator. However, this is not the first time that Deutsche Telekom is participating in a blockchain move.

Previously, it has worked worked on providing infrastructure support for the proof-of-stake consensus mechanisms of oracle service provider Chainlink. Besides, Deutsche Telekom has also partnered with mobile-focused DeFi network Celo,  as well as the flow blockchain from Dapper Labs.

With Polkadot, Deutsche Telekom will be leveraging the ability of the blockchain to coordinate interactions between multiple parallel networks.

T-Systems MMS to Provide Security Infrastructure

T-Systems MMS, the Deutsche Telekom subsidiary will use the Open Telekom Cloud for providing and operating the infrastructure securely. It will meet the strict security and compliance of the European legal framework.

The independent working of the Open Telecom Cloud will help in supporting the decentralization as well as the reliability of the blockchain network. Speaking of this development, Dr. Andreas Dittrich, Head of the Blockchain Solutions Center at T-Systems MMS said:

“As Deutsche Telekom, we have always supported collaboration between people and companies, now also with decentralized technologies. Polkadot is a heterogeneous multi-chain network that enables various blockchains with different properties to carry out any cross-chain communication under common security . We firmly believe in this future vision of a networked world”.

Furthermore, Dittrich also explained the investment rationale in DOT. Speaking to CoinDesk, he said:

“Like we did before with Celo, we are also investing in DOT tokens to be able to participate in the governance of the network, and basically put our money where our mouth is to support our infrastructure case. The main difference now is that this is not a VC [venture capital] or innovation budget anymore; we are doing this from our business unit. So this really has become a business case for us. I have to say, I’m really proud we are doing this.”

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Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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