Deutsche Telekom MMS, a German IT service and IT consulting firm, has joined forces with Subsquid to improve its decentralized data lake by running dedicated worker nodes, as per the latest updates shared with Finbold on July 3.
The partnership integrates Deutsche Telekom MMS’s enterprise-level infrastructure into Subsquid’s network, enhancing its resilience and scalability.
Enhanced Web3 data access
The nodes process queries and deliver data swiftly from the data lake to consumers, including indexers, and as such, they are crucial for Subsquid’s network.
Subsquid offers a modular, decentralized data platform tailored for Web3 developers, enabling access to essential blockchain data.
Data lakes provide a repository for raw, unformatted data, which businesses can then format as needed.
Deutsche Telekom MMS’s involvement, with its worker nodes going live earlier this summer, marks a significant contribution to this ecosystem.
Addressing Web3 development challenges
In Web3, developers often face challenges retrieving data across various blockchain formats and access points.
Centralized APIs or direct RPC nodes likewise pose issues like high costs, slow retrieval times, and security risks.
Worker nodes in Subsquid’s data lake, however, store data in its raw form, allowing seamless and customizable access.
During the testnet phase, over 60,000 indexers were deployed, and the network boasts more than 700 worker nodes and 536 TB of stored data.
The impact of the decentralized data lake technology
Dirk Röder, Head of Web3 Infrastructure and Solutions at Deutsche Telekom MMS, highlighted the impact of Subsquid’s data lake architecture, stating:
“Subsquid’s network, with its innovative data lake architecture, is a game-changer for Web3. 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.”
Marcel Fohrmann, co-founder of Subsquid, echoed his colleague’s sentiment, emphasizing that this collaboration strengthens not only Subsquid’s network but also the broader blockchain technology landscape.