German telecommunications giant Deutsche Telekom has announced its partnership with the XDC Network, a blockchain platform focusing on tokenized real-world assets, trade finance, and decentralized physical infrastructure. This collaboration signifies a significant move in the company’s digital asset expansion efforts.
Deutsche Telekom’s subsidiary, Deutsche Telekom MMS, which specializes in cloud and internet infrastructure, will be participating in the XDC Network as an infrastructure provider. They will operate a backup master node that is activated when the number of validator masternodes falls below the required level.
Dirk Röder, the head of Deutsche Telekom MMS’s web3 business, stated, “This addition leverages our enterprise-grade infrastructure to support secure blockchain-based applications, particularly in the financial sector.”
This announcement follows Deutsche Telekom’s recent involvement in the blockchain space, including mining Bitcoin and operating validators on various proof-of-stake blockchains such as Ethereum, Polygon, and Polkadot. The company also offers a staking service for customers to earn rewards by maintaining the network.
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