Deutsche Telekom joins XDC as infrastructure provider
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Deutsche Telekom joins XDC as infrastructure provider 25 July 2024Germany Reporter: Klea Neza
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Deutsche Telekom has expanded its Web3 services to the XDC Network (XDC), a blockchain that is focused on tokenised real-world assets (RWA), trade finance, and decentralised physical infrastructure (DePin).
Deutsche Telekom will operate a standby masternode for the XDC network, says the company. The firm already runs nodes on other blockchains including Ethereum, Polygon and Polkadot.
This type of node does not validate transactions on the blockchain as default, but aims to be called into action if the number of operating validator masternodes drop below the required level of 108, says the firm.
Dirk Röder, head of Deutsche Telekom MMS's web3 unit, says: "This addition utilises our enterprise-grade infrastructure to enable secure blockchain-based applications, with a focus on the finance sector.”
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