Deutsche Telekom MMS, the German mobile communications giant, has joined forces with Subsquid to assist with the administration of the data lake by operating nodes.
One of Europe’s leading telecommunications providers, Deutsche Telekom has partnered with the decentralized protocol Subsquid to manage the data lake by running network nodes.
In a press release on Wednesday, the telecom giant, headquartered in Bonn, announced that a subsidiary of Deutsche Telekom has begun operating its infrastructure to “contribute to the data lake by running worker nodes,” with the nodes having been active “since earlier this summer.”
Dirk Röder, the head of the web3 infrastructure & solutions team at Deutsche Telekom, lauded Subsquid’s solution as a “game-changer for web3,” recognizing the potential of the project.
“It unlocks the true potential of blockchain data, making it readily accessible and usable for developers and users alike. With our enterprise-grade infrastructure setup, we bolster the security and scalability of the network, providing the foundation for Subsquid’s powerful decentralized Data Lake technology,” Röder commented.
Subsquid co-founder Marcel Fohrmann added that the partnership signifies a “new level of legitimacy and security not just for the network we are building, but for all of blockchain technology.”
Deutsche Telekom has also been operating validators for other blockchain protocols such as Polygon, Ethereum, and Polkadot. For Subsquid, founded in 2021 by Dmitry Zhelezov and Marcel Fohrmann, the partnership reinforces its efforts to tackle challenges related to blockchain data accessibility and the high costs of data retrieval. Initially developed as a solution for Polkadot, Subsquid has since expanded to Ethereum, Flare and launched a beta version for Solana.