DT's T-Systems to Offer German Blockchain Ecosystem to Business Customers from 2020 Onwards

Deutsche Telekom recently announced that its subsidiary T-Systems will be offering its business customers a German Blockchain Ecosystem (GBE) from 2020 onwards.

With this innovation, T-Systems will provide companies with a platform for blockchain networks. This makes T-Systems the first European digital service provider to launch a Blockchain as a Service marketplace. The new marketplace will enable customers to map different applications using blockchain.

The first product on the marketplace will be the Validator as a Service solution. This allows cross-company processes to be reliably and securely checked and processed via a blockchain infrastructure. And it's not just corporate customers that will reap the benefits. Blockchain can also optimize business applications in SMEs.

The German Blockchain Ecosystem is a globally operated solution developed in Germany. It supports all the usual Distributed Ledger Technology (DLT) protocols, on which blockchain is also based. Distributed ledger is a term for a decentralized database. It provides all network participations with a common write and read authorization. With blockchain, each process generates data that is securely written into a chain of blocks. Network participants, so-called validators, check all the data and store it decentrally. This makes them the cornerstone of any blockchain network.