T-Programs MMS makes use of Polkadot and buys DOT tokens – Central Valley Enterprise Journal

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T-Systems Multimedia Solutions (MMS) has bought an unknown number of DOT tokens, the native currency of the Polkadot blockchain.

With this purchase, Polkadot is the fourth blockchain project the company is investing in. Before that, T-Systems MMS had also invested in Chainlink, Dapper Labs and CELO.

Incidentally, Deutsche Telekom is one of the world’s leading integrated telecommunications companies. With 242 million mobile phone subscribers, 27 million landline connections and 22 million broadband connections.

The subsidiary T-Systems with around 28,000 employees also offers fully integrated IT solutions. Driving the digital transformation of companies in all industries and the public sector. Hence, his endorsement of polkadot shows a growing interest in the ecosystem.

Strangely enough, the announcement does not contain any information on the number of DOT tokens acquired by T-Systems MMS.

According to CoinMarketCap, DOT, the native token of the Polkadot network, ranks 10th in terms of market capitalization. With a current valuation of more than $ 27 billion.

T-Systems MMS, invests in DOT

In particular, Deutsche Telekom announced in a press release that its subsidiary T-Systems MMS will use its infrastructure to participate as a validator in the public blockchain Polkadot network. Reason why it acquired the DOT cryptocurrency, which allows interoperability between decentralized blockchain networks.

Address the lack of interoperability

Consequently, Polkadot aims to address the lack of interoperability between blockchains, which are now often data silos. In fact, the central chain and the relay chain of Polkadot coordinate the interactions between different parallel networks, the so-called parachains.

By participating in the Polkadot network as a validator, T-Systems MMS supports the secure and reliable exchange of messages between independent blockchains.

Open Telekom used to protect the infrastructure

In fact, Deutsche Telekom will use the Open Telekom Cloud service to ensure the secure operation of the infrastructure. Above all, Open Telekom Cloud meets the strict legal requirements for security and compliance in Europe.

Frank Leibiger, Head of Cloud Computing Communication: “T Systems MMS will use the Open Telekom Cloud. The strict safety requirements and compliance with the European legal framework. In addition, with its independence, it will ensure decentralization, the main characteristic of a blockchain network.

Likewise, Dr. Andreas Dittrich, Head of the Center for Blockchain Solutions at T-Systems MMS: “As Deutsche Telekom, we have always supported collaboration between people and companies, now also with decentralized technologies.”

He also added: “Polkadot is a heterogeneous network of multiple chains. This enables several blockchains with different properties to carry out any communications between chains under common security. We firmly believe in this future vision of a networked world.

I close with this sentence from George Soros: “The problem is not what you don’t know, but what you think you know when you are wrong.”

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