Sunday, December 3, 2023

Deutsche Telekom subsidiary partners with Polkadot

Polkadot(DOT) has, in recent months, gained considerable traction. Its traction is due to the fact that DOT enables transfers of data and assets across blockchain types. The transfers are not restricted only to tokens. Now, within the Polkadot ecosystem, users have the choice of using multiple blockchain networks.

Another important aspect is that any upgrades to the system can be performed on-chain and automatically. It is also easier to incorporate new features and eliminate bugs. This ability ensures that the Polkadot ecosystem is constantly evolving.

Deutsche Telekom, through its subsidiary, T-Systems MMS, has concluded a partnership agreement with DOT.

The T-Systems MMS and DOT Partnership

The agreement enables DOT to use T-Systems’ infrastructure for the DOT network. Under the arrangement T-Systems will get the DOT tokens and enable reliable communication across the various blockchains. T-Systems MMS for the above purpose will use the Open telekom Cloud. DOT, by allowing secure inter-operability across blockchains is promoting the growth of worldwide connectivity.

However, the agreement announcement did not specify the number of DOT tokens that T-systems had purchased. In addition to T-systems, Tesla is another firm that holds a large amount of crypto assets. Over and above this, 34 listed firms hold bitcoins. 12 firms of these 34 which are US firms hold 90% of the total holdings.

Most recently, DOT had fallen by 10.08%. It stood at $27.84 and had a total market capitalization of $27.74 billion.

With increased activity in crypto assets, governments across the world are initiating moves to regulate the space to protect the interests of the investors. The Bank of England is recommending a global framework to regulate the space

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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