Deutsche Telekom, the German telecommunications company has announced that it will support the Polygon Blockchain infrastructure by becoming a validator on the network. Deutsche Telekom MMS, a subsidiary of the company, will provide staking and validation services for the Proof-of-Stake (PoS) network as well as Polygon’s Supernets solutions. The move by Deutsche Telekom comes with the increasing trend of major corporations and institutions embracing blockchain technology to signal a strong commitment to the expansion of its activities in the field.

Polygon Network in the Spotlight

Polygon, a leading Ethereum Layer-2 scaling platform, provides a resource-efficient and developer-friendly ecosystem based on the highest security standards of the Ethereum ecosystem. Deutsche Telekom’s Head of the Blockchain Solutions Center, Dirk Röder, believes the partnership with Polygon will enable the exploitation of blockchain potential fully. Polygon Labs’ COO, Michael Blank, is thrilled about the collaboration with Deutsche Telekom and its potential for more businesses to adopt blockchain technology through Polygon, empowering consumers through web3 technology’s ownership and autonomy.

“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 resources and expertise to its partnership with Polygon that can reinforce its network and ongoing development. Firstly, Deutsche Telekom will contribute to the security and decentralization of the blockchain as a validator on the network responsible for verifying transactions and maintaining the network’s integrity. Its participation will help maintain the network’s stability and security. Secondly, Deutsche Telekom’s validation nodes on Polygon will increase the network’s overall capacity and efficiency since its presence will attract more users and developers to the platform. Their telecom industry expertise is expected to drive the technology’s adoption by businesses and institutions, promoting blockchain’s benefits and encouraging more companies to explore its potential applications.

Deutsche Telekom’s Past Collaborations in the Blockchain Industry

Deutsche Telekom, in its past collaborations with other major players in the blockchain industry, has focused on exploring the technology’s potential and driving innovation. For instance, the company partnered with Chainlink, a decentralized oracle network provider, to examine the use of blockchain in the telecom industry, signaling a strong interest in its potential applications. In another collaboration, Deutsche Telekom teamed up with Flow, developed by Dapper Labs, to construct a decentralized marketplace for non-fungible tokens (NFTs) to provide a secure and transparent platform for creators and collectors to purchase and sell digital properties.

Overall, the partnership between Polygon and Deutsche Telekom is expected to benefit both parties significantly. The move also marks a significant step for Deutsche Telekom in embracing blockchain technology’s potential and expanding its presence in the industry.

Featured image from Unsplash, chart from TradingView.com