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Telecom Giant Integrates With Polkadot Blockchain Ecosystem, Purchases DOT Tokens

German telecommunications big Deutsche Telekom is teaming up with Polkadot (DOT) and investing within the interoperability blockchain’s ecosystem by buying DOT tokens.

Telekom lately announced subsidiary firm T-Systems MMS plans to make use of Telekom’s infrastructure to take part in Polkadot’s public blockchain community as a validator.

The Polkadot community goals to attach a number of blockchains into one unified community, permitting customers on completely different blockchains to ship and obtain transfers of any kind of knowledge or asset. The DOT token permits holders to take part in community governance, staking and bonding.

DOT is at present buying and selling at $30.11, up greater than 6% from the place it was priced one month in the past.

Dr. Andreas Dittrich, head of the Blockchain Solutions Center at T-Systems MMS, says they consider in Polkadot’s imaginative and prescient.

“As Deutsche Telekom, we’ve all the time supported the collaboration of individuals and firms, now additionally with decentralized applied sciences.

Polkadot is a heterogeneous, multi-chain community permitting varied blockchains of various traits to carry out arbitrary, cross-chain communication underneath shared safety.”

It’s not Telekom’s first foray into the crypto world. In June, the telecommunications big and Andreesen Horowitz introduced they’d partnered to stake CELO tokens on the general public blockchain community of world funds infrastructure platform Celo.

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Featured Image: Shutterstock/Guliveris

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