Deutsche Telekom, the German telecom giant, which generated $114 billion in revenue last year, is actively participating as a validator in various public blockchains.
The Fortune 500 company, operating through its wholly-owned subsidiary, Deutsche Telekom MMS, is engaged in blockchain networks like Polygon, Lido, Ethereum via Stakewise, as well as other networks such as Chainlink and Polkadot.
In April, the company proudly announced that their Ethereum Validator Nodes had surpassed €10,000,000 in Assets under Stake.
Deutsche Telekom’s involvement in blockchain and crypto infrastructure has expanded to the extent that they are now validating transactions on Aleph Zero, a relatively unknown privacy-focused Layer1 blockchain network that launched just a year ago, with a current market capitalization of only $300 million.
Dirk Röder, Head of the Web3 Infrastructure & Solutions Team at Deutsche Telekom MMS, emphasized the importance of security, privacy, and decentralization in the web3 era, noting that their collaboration with Aleph Zero is an exciting step towards building a secure Internet of Values, featuring new technical standards and a high degree of decentralization.
The Aleph Zero blockchain explorer shows Deutsche Telekom validating with 25,000 AZERO, worth about $25,000 as the telecommunications giant finds a role in the crypto pipelines.
Aleph Zero indeed employs a unique consensus model, derived from a modification of Asynchronous Byzantine Fault Tolerant (ABFT) systems. It combines ZK-SNARKs for fundamental processes and secure Multi-Party Computation (sMPC) for specific, resource-intensive computations.
In the case of sMPC, data is secured by being stored off-chain across multiple nodes. This data is cryptographically fragmented, preventing any single network participant from accessing its contents. Consequently, nodes can perform computations on this data while preserving its confidentiality.
Deutsche Telekom’s active participation in Lido’s SSV testnet, with the aim of decentralizing validation for liquid staking tokens, highlights their growing involvement in the crypto space. This transition towards embracing crypto started in September of the previous year, marking their evolution into a crypto entity.
Their emphasis on blockchain infrastructure aligns with their telecom expertise, and it’s becoming increasingly evident that well-known brands are playing a vital role in maintaining public blockchain networks.
