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T-Systems, a subsidiary of leading German telecom firm Deutsche Telekom, has announced that it will offer a Blockchain as a Service marketplace to its business customers, starting next year.
Called German Blockchain Ecosystem (GBE), the new marketplace will allow customers to map different applications using blockchain, enabling them to view every step of their supply chain digitally.
In a press release, the company explained that the service will allow businesses to map a product's entire value chain, from raw materials to delivery, using blockchain. This will help companies make their operations faster, more cost-effective and more transparent. Businesses would also be able to “trade, manage and invoice goods and services directly” via the new marketplace.
By knitting together wise separate systems for production, services, trade and payment, the service “significantly reduces fragmentation along the value chain.”
Developed in Germany, the GBE is a globally operated solution and supports all the usual Distributed Ledger Technology (DLT) protocols, the release said.
“The German Blockchain Ecosystem integrates all major cloud providers including the Open Telekom Cloud. This crucial component has not been available as a service until now. But that is precisely the gap that the German Blockchain Ecosystem closes. But also the customer's own infrastructure and the Internet of Things,” it added.
T-Systems CEO Adel Al Saleh said that the German Blockchain Ecosystem basically provides support to companies who want to manage their business models in a decentralized manner.
"The initial hype around blockchain has blown over. Today, no one doubts that this technology can open up new, decentralized business models," says Al Saleh. "Please actively come forward with your application ideas for this important technological development! Together we can pave the way for the Internet of Values.”
As per the details, the first product on the marketplace will be the Validator as a Service solution, allwoing cross-company processes to be reliably and securely checked and processed via a blockchain infrastructure.
Last month, T-Labs, an innovation unit of Deutsche Telekom, rolled out a new blockchain-based e-mobility pilot called Xride.
