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Deutsche Telekom Becomes Polkadot Node Validator Buying DOT
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Spryker and T-Systems MMS partner to deliver sophisticated solutions to empower businesses in digital commerce age
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Deutsche Telekom (DT) is making another foray into the world of blockchain, becoming the first telco to join the Celo Alliance for Prosperity: a 130-member alliance with the lofty ambition of building a financial system that creates the conditions of prosperity for everyone by offering crypto currencies on mobile phones.
The German group also said it has made a significant purchase of Celo s native asset, CELO. The purchase will be made by the Telekom Innovation Pool (TIP), DT s strategic investment fund that is advised by Deutsche Telekom Capital Partners (DTCP).
DT explained that it will operate infrastructure across the Celo ecosystem. Its subsidiary, T-Systems Multimedia Solutions (T-Systems MMS) will operate as a validator utilizing the Open Telekom Cloud (OTC). DT will also open up its SMS API to allow validators to send verification text messages using its service.