T-Systems and Validation Capital Partner With Flow Blockchain
T-Systems and Validation Capital Partner With Flow Blockchain
PRESS RELEASE. January 13, 2021 – T-Systems MMS, a subsidiary of the largest telecommunications provider in Europe, Deutsche Telekom, announces today a partnership with Flow blockchain developed by Dapper Labs, the company behind CryptoKitties and NBA Top Shot. T-Systems’ flagship deployment on Flow will be the operation of an Execution Node. Validation Capital was involved in this partnership as strategic advisor.
As part of the partnership, T-Systems MMS will run an Execution Node, significantly contributing to the Flow blockchain’s computational resources as a result. This is because Execution Nodes are responsible for both the processing of new blocks and their consequent storage. These tasks are by far the most computation-intensive, and as such can only be performed with reliable and trusted infrastructure, which T-Systems provides.
Flow is a user-centric blockchain built for mainstream adoption, with an aim of bringing blockchain-enabled consumer applications to billions of people. Flow is the only layer one blockchain built by a team that both understands the importance of reducing complexity for ecosystem developers and possesses proven expertise in eliminating on-boarding friction for mainstream users. Trusted by leading companies like Ubisoft and Warner Music Group, Flow is set to introduce blockchain technology to global audiences through partnerships with mainstream brands such as Dr. Seuss, the UFC, and the NBA.
The details of the partnership include:
- T-Systems MMS will provide reliable and secure infrastructure necessary for Flow to scale and respond to any current and future needs of both Flow’s developers and users.
- T-Systems MMS will operate one of the Flow network’s Execution Nodes, responsible for the execution and consequent storage of newly-created blocks, thereby ensuring the decentralized network’s ongoing operation.
“At Dapper Labs, we believe that a seamless and efficient user experience is paramount to adoption. Our partnership with T-Systems is key to delivering on our ambitions to reach a global, general audience,” says Roham Gharegozlou, CEO at Dapper Labs.
“True digital ownership, direct fanbase engagement and rich ecosystem composability, which the Flow blockchain brings to the table, not only allows for the creation of new business models but represents a fundamental shift in existing ones. Through our partnership with Flow we are expanding our portfolio of blockchain infrastructure and staking services. We are excited about the NFT space and will be working to support the vision of public blockchains as the basis for the open world and its numerous use-cases on Flow,” says Dr. Andreas Dittrich, Head of Blockchain Solutions Center of T-Systems MMS.
T-Systems MMS’ foothold in Europe allows it to become a go-to service provider in the European market for blockchain-related implementations and pilot programs. With expertise in the areas of connectivity, digitalization, cloud & IT infrastructure, and digital security, the company positions itself as a disruptor in sectors still widely untouched by blockchain.
T-Systems MMS’ Blockchain Solution Center is a team of experienced developers, architects and consultants in the blockchain field with an established position in the IT industry and a wide array of customers looking to stay on the edge of technological progress.
If as a FLOW token holder you would like to stake to the professional Execution Node infrastructure of T-Systems, you can do so via delegating to the following node ID: 2b396b7fab0102f104a2af7e095b145cc14da28f863564802e158afc3e07e638
Note: Double-check the node ID before delegating!
“Flow is the most important innovation to-date towards mainstream adoption of digital collectibles and has grown an unparalleled ecosystem of developers and content creators building the future of apps and gaming.” – Michael Horowitz, CEO of Validation Capital.
About Dapper Labs
Dapper Labs is the company behind CryptoKitties and the Flow blockchain as well as upcoming titles like NBA Top Shot. Founded in 2018, Dapper Labs uses blockchain technology to bring new forms of digital engagement to fans around the world. Blockchain-enabled applications can bring fans closer with the brands they love, give people a real stake in the communities they contribute to, and create new ways for consumers to become creators themselves. Publicly announced Dapper Labs partners include the NBA and NBPA, Warner Music Group, Ubisoft, and UFC. Notable investors in Dapper Labs include Andreessen Horowitz, Union Square Ventures, Venrock, Google Ventures, Samsung, and the founders of Dreamworks, Reddit, Coinbase, Zynga, and AngelList, among others.
About T-Systems Multimedia Solutions
T-Systems Multimedia Solutions facilitates the digital transformation of large corporations and medium-sized companies. With an annual 2019 turnover of €176 million, it enables its customers to develop new digital business models for Industrial IoT, Customer Experience, New Work and Digital Reliability. Leveraging its consulting and technical expertise with some 2100 employees at seven locations, the digital service provider also offers dynamic web and application management. As market leader it offers a certified test laboratory for the internet and multimedia industry, delivering the highest standards of software quality, accessibility and IT security.
For further information: www.t-systems-mms.com
About Validation Capital
Validation Capital (“VCC”) is an infrastructure and investment firm for proof-of-stake & next-generation blockchain networks. VCC provides secure node infrastructure, investment capital, and advisory to industry leading networks including Chainlink, VeChain and Crypto.com, among others. VCC’s team brings crypto expertise from Stratx Consulting Inc., with a blend of Wall Street and engineering talent. VCC’s finance team has more than 25 years of capital markets and investing experience from firms including CIBC, BMO, and Moelis. The engineering team brings enterprise best practices in cybersecurity and network architecture from Deloitte.
T-Systems Multimedia Solutions
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