Deutsche Telekom (DT), parents company of wireless network operator T-Mobile, has announced that it is subsidiary T-Systems MMS will offer the Ethereum blockchain network by infrastructure by means of validator nodes.
Inside a pr release, the German tech giant says T-Systems may also provide liquid Ether (ETH) staking services via a partnership with ETH staking company StakeWise.
This partnership might find the DT subsidiary have fun playing the governance from the decentralized application (dApp) because it has became a member of the StakeWise decentralized autonomous organization (DAO).
Based on DT, the move is supposed to cement the business’s presence within the blockchain space while adding towards the transparency of the second biggest blockchain network.
The move can also be to exhibit support for that Ethereum network’s transition to presenting an evidence-of-stake (PoS) consensus mechanism. T-Systems MMS already maintains other “sustainable blockchain systems” for example Flow, Celo, and Polkadot.
“After collaborating with Flow, Celo, and Polkadot, we’re now using the next decisive part of the blockchain world and therefore are doing pioneering work here with Ethereum. Like a node operator, our entry into liquid staking and also the close collaboration having a DAO is really a novelty for Deutsche Telekom”, stated Dirk Röder, Mind of Blockchain Solutions Center at T-Systems MMS.
T-Systems MMS isn’t the only front which DT is gaining greater footing within the blockchain space. In September, T-Mobile signed a 5-year partnership with Helium Network to permit the blockchain-based decentralized wireless company to supply its users 5G network with T-Mobile’s infrastructure.
Analysts expect more institutional adoption of ETH and also the Ethereum blockchain
Inside a statement, Kirill Kutakov, the co-founding father of StakeWise, noted he expects strong demand and capital flows within the Ethereum network. He added the partnership with T-Systems is making the Ethereum ecosystem safer.
“With the proceed to Proof-of-Stake, we predict strong demand and considerably growing capital flows within the Ethereum network. We’re therefore pleased that T-Systems MMS, being an infrastructure provider, is giving our protocol more reliability and making the Ethereum ecosystem safer overall,” Kutakov remarked.
His remark echoes the lengthy-held expectation of blockchain industry commentators who’ve lengthy predicted the Merge will spark a new wave of investment from institutions. Bloomberg analysts note the slashing from the energy usage together with scalability upgrades which will follow will probably enhance the value proposition from the Ethereum blockchain for institutions.
