Deutsche Telekom claims that becoming a Pologyon validator opens up a new revenue stream for the firm.
Deutsche Telekom, one of Europe's biggest telecommunications providers, has jumped into blockchain technology, becoming a validator for the Ethereum Layer-2 scaling platform, Polygon.
As a validator, Deutsche Telekom will be among the 100 entities providing staking and validation services for the Polygon network and its Supernets solution.
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The company's role will include running a full node, producing blocks, participating in the network’s consensus, and committing checkpoints to the Ethereum mainnet. The new initiative is projected to secure Polygon’s proof-of-stake sidechain and Supernets chain, thus bolstering security, governance, and product decentralization.
As expressed by Dirk Röde, head of the Blockchain Solutions Center at Deutsche Telekom, this alignment with the Polygon network symbolizes a significant step towards becoming a key player in the Web3 infrastructure.
Deutsche Telekom is not only a renowned infrastructure provider for mobile and internet services but is also making significant commitments to expand its presence and reliability as an infrastructure provider in the Web3 domain.
In addition to Polygon, Deutsche Telekom is a validator for Q, Flow, Celo, Chainlink, and Ethereum. Röde mentioned that the company aims to act as a reliable, enterprise-grade staking provider for institutional clients.
Röde added that utilizing the company’s infrastructure as a validator while monetizing the native token of the underlying blockchain network offers Deutsche Telekom a “dependable, novel, and scalable source of income.”
Recognized as a critical Layer-2 in the Ethereum ecosystem, Polygon offers developers a handful of scaling solutions, encompassing sidechains, zero-knowledge rollups, and data availability protocols.
Deutsche Telekom's venture into becoming a Polygon validator not only opens up a new revenue stream for the telecom giant but also strengthens the security, governance, and decentralization of the Polygon network. The move could serve as a blueprint for other telecommunications firms, potentially sparking a wave of broader blockchain adoption among mainstream businesses.
