Deutsche Telekom Embraces Blockchain by Supporting Polygon: Analyzing the Partnership

Futuristic cityscape with blockchain elements, Polygon network, telecom infrastructure blending, warm golden twilight glow, a blend of decentralization and connectivity, subtle nods to Ethereum ecosystem, air of collaboration & innovation, empowering atmosphere, energetic pulse of Web3 technology.

In a recent announcement, global integrated telecommunications giant Deutsche Telekom has chosen to enter the blockchain sector by supporting the Polygon blockchain infrastructure. As a validator for the Polygon network, Deutsche Telekom will extend its services to the growing decentralized ecosystem.

The telecom industry powerhouse, and owner of T-Mobile, a leading provider of wireless voice, messaging, and data services in multiple countries, has been operating within the telecom business for 27 years. The recent announcement indicates that Deutsche Telekom is eager to diversify its services while simultaneously bolstering Polygon’s security and decentralization.

Dirk Röder, Head of the Blockchain Solutions Centre at Deutsche Telekom, expressed confidence in the collaboration with Polygon, noting that it would help exploit the full potential of blockchain technology and enable mass deployment of blockchain applications. According to Röder, the key factors for choosing Polygon over other blockchain ecosystems included resource efficiency, a developer-friendly environment, and adherence to the highest security standards of the Ethereum ecosystem.

The move by Deutsche Telekom has been met with appreciation, with Michael Blank, Chief Operating Officer at Polygon Labs, highlighting the importance of this partnership for the blockchain ecosystem and Web3. Blank believes that collaborating with Deutsche Telekom will pave the way for more businesses to embrace blockchain technology through the Polygon network. Furthermore, the partnership is expected to empower consumers by making Web3 technology more accessible, unlocking ownership and autonomy.

As a validator on the Polygon network, Deutsche Telekom MMS will contribute to securing Polygon’s Proof-of-Stake side chain and Supernets app chains by running a node, producing blocks, validating and participating in consensus, and committing checkpoints on the Ethereum mainnet.

The integration of Deutsche Telekom MMS is just one of many recent developments for Polygon. In March, the network launched its zero-knowledge Ethereum Virtual Machine (Polygon zkEVM) mainnet beta, a layered network that combines zero-knowledge proofs with the Ethereum Virtual Machine to enhance blockchain scalability and security. By leveraging Ethereum infrastructure and reducing transaction costs, Polygon zkEVM has experienced a significant decrease in network fees and a notable increase in activity and liquidity.

With unique active wallets on Polygon zkEVM growing by 54% within a month, it is evident that the integration with Deutsche Telekom MMS will add significant value to the Polygon network.

Source: Cryptonews

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