Deutsche Telekom Joins Subsquid Decentralised Network

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Key Takeaways:

Role of Deutsche Telekom MMS: Deutsche Telekom’s subsidiary, MMS, will validate Fetch.ai’s decentralised network. This involvement aims to ensure network security and efficiency, leveraging blockchain to secure data and facilitate AI-driven transactions and resource management​.

Autonomous Agents and Web3 Integration: Fetch.ai’s technology centres around AI-powered autonomous agents capable of managing resources, executing transactions, and analysing data autonomously. These agents are expected to revolutionise various sectors, including healthcare, automotive, supply chain management, and digital identity management, by enabling an “Economy of Things” where devices and services operate independently on behalf of their owners​.

Strategic Collaboration and Future Potential: This partnership highlights a significant step towards integrating industrial applications with IoT through blockchain and AI. The collaboration aims to foster innovation and drive the development of Web3 technologies, with potential real-world applications to be showcased at industry events like the Bosch Connected Experience.

Deutsche Telekom, one of the world’s leading telecommunications companies, has made a significant move by joining the Subsquid decentralised network.

This strategic partnership is poised to revolutionise the blockchain data indexing landscape, combining Deutsche Telekom’s robust infrastructure and Subsquid’s innovative technology. As the blockchain ecosystem continues to expand, the importance of efficient data indexing and retrieval cannot be overstated. The collaboration comes on the heels of Deutsche Telekom’s recent choice to serve as a validator for the Ethereum layer-2 scaling solution, Polygon, where it has joined the ranks of the network’s 100 staking and validation providers. 

The collaboration seeks to enhance the security and efficiency of blockchain data retrieval and delivery. In the Subsquid network, worker nodes handle data queries and fetch the requested information from the data lake for data consumers. During a Q&A, co-founder of Web3 Unit Deutsche Telekom, Alexander Ebeling, said, “For Deutsche Telekom, this collaboration aligns with our strategic vision of embracing decentralisation and supporting the development of new, decentralised business models.” Co-founder of Subsquid, Marcel Fohrmann, suggested that the collaboration would help “strengthen and secure permissionless data across Web3.”

Deutsche Telekom’s Strategic Move into Blockchain

Deutsche Telekom’s decision to join Subsquid is a testament to the growing significance of blockchain technology in the telecommunications sector. Integrating with Subsquid, Deutsche Telekom aims to leverage its extensive network infrastructure to support blockchain data’s decentralised indexing and querying. 

Integrating with Subsquid allows Deutsche Telekom to offer enhanced services to its customers, particularly those in the blockchain space. By providing efficient and reliable data indexing solutions, Deutsche Telekom can attract new business opportunities and solidify its position as a forward-thinking telecommunications leader.

Head of Web3 infrastructure and solutions at Deutsche Telekom, Dirk Röder, announced at the Bitcoin Prague event that the firm has been operating a BTC node since 2023. Röder said, “I like to let you in on a little secret. We will engage in digital monetary photosynthesis soon.”

Subsquid’s Role in Decentralised Data Indexing

Subsquid, a decentralised network designed for blockchain data indexing, offers a unique solution to the challenges of data retrieval in a decentralised environment. Traditional centralised data indexing methods often need to be more efficient and vulnerable to single points of failure. Subsquid’s decentralised approach distributes the indexing tasks across a network of nodes, ensuring excellent reliability, scalability, and security.

Co-founder of Subsquid, Dmitry Zhelezov, highlighted data handling, that each piece of data is cryptographically validated, guaranteeing the authenticity of all relevant data. Zhelezov said, “Once [data] has been added to the Subsquid Network, every piece of data is replicated across dozens of nodes across the network, so even if a node goes offline, all the data remains available for consumers.” 

With Deutsche Telekom joining the Subsquid network, Subsquid’s capabilities are significantly enhanced. Deutsche Telekom’s robust infrastructure supports Subsquid’s operations, enabling faster and more efficient data indexing and querying. This partnership boosts Subsquid’s performance and validates its technology and approach, attracting more participants to the network. Subsquid’s focus on interoperability ensures that its indexing solutions are compatible with various blockchain platforms. This flexibility is crucial in a diverse and rapidly evolving blockchain ecosystem, where different projects may require tailored indexing solutions. Subsquid positions itself as a key player in the blockchain data infrastructure space by addressing these needs.

Impact on the Blockchain Industry

The collaboration between Deutsche Telekom and Subsquid is expected to have far-reaching implications for the blockchain industry. One of the most immediate benefits is the improvement in data accessibility and reliability. As blockchain applications become more complex and data-intensive, efficient indexing and querying solutions are essential. This partnership ensures that developers and users have access to high-quality data services, facilitating the development of innovative blockchain applications. Furthermore, Deutsche Telekom’s involvement brings credibility and trust to the Subsquid network. As a well-established telecommunications giant, Deutsche Telekom’s participation reassures potential users and partners about the reliability and security of Subsquid’s solutions. This can lead to increased network adoption and a broader acceptance of decentralised indexing methods within the blockchain community. 

In the long term, the partnership could drive further innovation in blockchain technology. By combining Deutsche Telekom’s resources and expertise with Subsquid’s cutting-edge solutions, new opportunities for research and development may emerge. This collaborative effort can create a more advanced and efficient blockchain infrastructure, paving the way for the next generation of decentralised applications.

In addressing data security, Ebeling emphasised that “security is of utmost importance, as large-scale enterprise systems are prime targets for cyber threats.” Ebeling said, “[…] we implement rigorous security audits aligned with high internal Telekom standards and maintain an on-call duty team available 24/7 to guarantee the uptime of our blockchain infrastructure.” Zhelezov identified several challenges, including achieving efficient data partitioning and implementing enterprise-grade security measures within a decentralised environment.

Fhumulani Lukoto Cryptocurrency Journalist

Fhumulani Lukoto holds a Bachelors Degree in Journalism enabling her to become the writer she is today. Her passion for cryptocurrency and bitcoin started in 2021 when she began producing content in the space. A naturally inquisitive person, she dove head first into all things crypto to gain the huge wealth of knowledge she has today. Based out of Gauteng, South Africa, Fhumulani is a core member of the content team at Coin Insider.

View all posts by Fhumulani Lukoto >

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