- Interoperable framework of public blockchains becomes T‑Sys MMS’s fourth investment in the sector.
T‑Systems Multimedia Solutions (T-Sys MMS) invested in public blockchain network provider Polkadot.
The Deutsche Telekom subsidiary acquired DOT tokens — Polkadot’s native asset, which is claimed to be one of the largest cryptocurrencies available.
Polkadot was created by Ethereum co-founder Gavin Wood and is designed to accommodate different interconnected, application-specific sub-chains, also known as parachains.
Dr. Andreas Dittrich, Head of Blockchain Solutions Center, T-Systems MMS, described Polkadot as a “heterogeneous, multi-chain network allowing various blockchains of different characteristics to perform arbitrary, cross-chain communication under shared security”.
T-Sys MMS said that, by aligning itself with the network as a “validator”, it is supporting “secure and trustworthy” exchange of messages between independent blockchains.
Speaking to CoinDesk, Dittrich said that the opportunities provided by Polkadot for enterprise use-cases are “really interesting”.
“It gives you the flexibility and security of a public, permissionless blockchain, but it has both a separation of concerns by parachains, and interoperability among use‑cases. I know that big industry consortia are definitely eyeing that ecosystem,” he said.
T‑Sys MMS has been seeking to establish itself in the blockchain ecosystem since it was given greater independence in 2020. Most recently, it formed an infrastructure service tie‑up with ecosystem operator Celo. In tandem, DT tapped its strategic investment fund Telekom Innovation Pool to purchase a “significant” number of CELO tokens, Celo’s native asset (Deutsche Telekomwatch, #105).
Further related T‑Sys MMS partnerships include the provision of repository, settlement, and security infrastructure services to crypto‑asset financial services player Finoa, and involvement in a project to develop GDPR‑compliant solutions for the management of asylum seekers in Germany. It also partnered with technology provider Dapper Labs in an initiative to develop a platform that claims to “bring blockchain to the masses” (Deutsche Telekomwatch, #98–#99 and #101).