German telecommunications giant Deutsche Telekom has announced its support for the Polygon Blockchain infrastructure, becoming a validator on the Polygon network. Deutsche Telekom’s subsidiary, Deutsche Telekom MMS, will provide staking and validation services for the Proof-of-Stake (PoS) network and Polygon’s Supernets solutions.
Deutsche Telekom’s move to join the network follows a growing trend of major corporations and institutions embracing blockchain technology. The company’s decision to support Polygon’s ecosystem signals a strong commitment to blockchain technology and the expansion of its activities in the field.
Polygon Network Scores Big
Polygon, the leading Ethereum Layer-2 scaling platform, offers a developer-friendly and resource-efficient ecosystem based on the highest security standards of the Ethereum ecosystem.
Dirk Röder, Head of the Blockchain Solutions Center at Deutsche Telekom, highlighted the importance of the collaboration with Polygon in fully exploiting the potential of blockchain technology and enabling applications suitable for mass deployment.
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Moreover, Michael Blank, Chief Operating Officer at Polygon Labs, expressed his excitement for the collaboration with Deutsche Telekom and the potential for more businesses to embrace blockchain technology through Polygon.
This collaboration will pave the way for more businesses to embrace blockchain technology through Polygon and empower consumers by unlocking the ownership and autonomy that web3 technology offers.
Deutsche Telekom brings significant expertise and resources to the partnership, which can help to strengthen Polygon’s network and support its ongoing development. Firstly, as a validator on the network, Deutsche Telekom will contribute to the security and decentralization of the blockchain. Validators are responsible for verifying transactions and maintaining the integrity of the network, and their participation helps to maintain the network’s stability and security.
Secondly, Deutsche Telekom’s validation nodes on Polygon will help to increase the network’s overall capacity and efficiency. As more validators join the network, the capacity of the network to handle transactions and support applications increases, which can help to attract more users and developers to the platform.
Thirdly, Deutsche Telekom’s expertise in the telecom industry can help to drive the adoption of the Polygon network by businesses and institutions.
With its extensive network and resources, Deutsche Telekom can help promote blockchain technology’s benefits and encourage more companies to explore its potential applications.
Deutsche Telekom’s Collaborations In The Blockchain Industry
Deutsche Telekom’s past collaborations with other major players in the blockchain industry have been focused on exploring the potential of the technology and driving innovation. For instance, Deutsche Telekom has collaborated with Chainlink, a decentralized oracle network provider, to explore the use of blockchain in the telecom industry.
The collaboration aimed to provide tamper-proof and secure data feeds to the telecom industry, and Deutsche Telekom’s participation signaled a strong interest in exploring blockchain’s potential applications.
In another collaboration, Deutsche Telekom partnered with Flow, a blockchain platform developed by Dapper Labs, to build a decentralized marketplace for non-fungible tokens (NFTs). The platform aims to provide a secure and transparent marketplace for creators and collectors to buy and sell digital assets.
Overall, the new partnership between Polygon and Deutsche Telekom is expected to benefit both parties significantly. The move also marks an important step for Deutsche Telekom in embracing the potential of blockchain technology and expanding its presence in the industry.
Featured image from Unsplash, chart from TradingView.com