Deutsche Telekom, the Germany telecommunications giant that has recently been actively expanding its blockchain technology space, has partnered with Polygon, the leading Layer-2 scaling platform for Ethereum. On Wednesday, Deutsche Telekom announced that its subsidiary Deutsche Telekom MMS had joined Polygon as one of only 100 validators on its POS network.
Deutsche Telekom MMS will offer staking services to Polygon POS and Supernets by deploying a full node and producing blocks to contribute to the network’s security, governance, and decentralization. This will also help strengthen the Ethereum network.
The collaboration is a key step in Deutsche Telekom’s commitment to aid the blockchain adoption process, with Polygon the latest POS chain to add the company as a validator. Deutsche Telekom MMS provides validation and staking services on Ethereum, Flow, Chainlink, Q, and Celo, among other chains.
Michael Blank, the Chief Operating Officer at Polygon Labs, said in a statement that the partnership will enable businesses to tap into the benefits of Web3 and blockchain technology. As a leading scaling solution for Ethereum, Polygon’s suite of protocols include zero-knowledge rollups, sidechains, and app-specific chains. The blockchain platform currently hosts tens of thousands of dApps, accounts for over three million daily transactions, and has $1.2 billion worth of assets in Total Value Locked (TVL).
Dirk Röder, the Head of the Blockchain Solutions Center at Deutsche Telekom concluded: “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.”