The subsidiary of Europe’s largest telco will provide staking and validation services.
Polygon, a top Ethereum scaling team, announced that Deutsche Telekom, Europe’s largest telecommunications provider by revenue, will join its PoS Chain as a validator.
“The collaboration with Polygon is an important step for Deutsche Telekom MMS to fully exploit the potential of blockchain technology and enable applications suitable for mass deployment,” said Dirk Röder, the head of the telecom provider’s Blockchain Solutions Center.
The Polygon PoS network is an Ethereum sidechain designed to offer a low-cost alternative to transacting on the Ethereum mainnet. The network is secured by 100 permissioned validators.
Michael Blank, the COO at Polygon Labs, said the partnership paves the way for more businesses to embrace blockchain.
Deutsche Telekom MMS, a subsidiary providing digital services to large and medium-sized enterprises, will also provide staking and validation services for Polygon Supernets. Supernets allow enterprises and applications to launch application-specific blockchains on Layer 3 while retaining the security guarantees of Ethereum.
This is the latest partnership with a global enterprise meant to strengthen Polygon’s PoS Chain, indicating the team remains committed to maintaining the network despite recently launching a number of new Layer 2 scaling solutions.
“The collaboration with Polygon is an important step for Deutsche Telekom MMS to fully exploit the potential of blockchain technology and enable applications suitable for mass deployment,” said Dirk Röder, the head of the telecom provider’s Blockchain Solutions Center.
https://thedefiant.io/polygon-to-onboard-deutsche-telekom-as-validator