German telecom giant to become polkadot network validator buys DOT tokens

A subsidiary of German telecom giant Deutsche Telekom will utilize its infrastructure to participate in the Polkadot network as a validator.

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Polkadot is the flagship project by Web3 Foundation, a Swiss Foundation founded to facilitate a fully functional and user-friendly decentralized web, has entered into partnership with T-Systems MMS, a subsidiary of the German telecom giant Deutsche Telekom.

As part of the partnership, T-Systems MMS has bought DOT tokens in order to become a validator on the Polkadot network which will enable them support the secure and trustworthy exchange of messages between independent blockchains.

Dr. Andreas Dittrich, Head of the Blockchain Solutions Center at T-Systems MMS said:

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.

The Deutsche Telekom subsidiary will utilize the Open Telekom Cloud for the provision and secure operation of the infrastructure which meets the strict requirements for security and compliance in the European legal framework.

“The independence of the Open Telekom Cloud supports the decentralization and thus the resilience of the blockchain network,” says T-Systems MMS according to the announcement.

Polkadot main aim is to solve the lack of interoperability between blockchains. DOT is the native token of the Polkadot network and is currently the number ten cryptocurrency based on market capitalization.