Deutsche Telekom AG's subsidiary T-Systems Multimedia Solutions (MMS) is no stranger to the world of blockchain technology. V Therefore, it is not surprising that the telecommunications giant has acquired a significant amount of Polkadot DOT blockchain tokens.
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Earlier Deutsche Telekom made a large purchase of the native asset Celo CELO.
Polkadot is the brainchild of Ethereum co-founder Gavin Wood, which was created to host various interconnected application-specific subnets, also known as parachains.
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Andreas Dittrich, head of MMS blockchain solutions center, added that the company plans to launch many private and public validators for the Polkadot network.
In addition, T-Systems Multimedia Solutionsintends to develop its own applications on the Polkadot Substrate blockchain programming platform. It allows developers to create a blockchain with the functionality required for a specific project.
Recently steel staking servicesan attractive and innovative business model for traditional telecom companies. In February of this year, a subsidiary of Europe's largest telecommunications company became one of the main data providers of the famous Chainlink oracle network.
A spokesman for T-Systems also said that the company is betting on the Flow Network blockchain created by Dapper Labs.
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