Deutsche Telekom becomes NEAR Protocol validator
Deutsche Telekom’s participation aligns with its commitment to data sovereignty and user control, as noted by Oliver Nyderle, the head of digital trust and web3 infrastructure.
German telecom leader Deutsche Telekom has entered the blockchain space as the first telecommunications company to operate a validator on the NEAR Protocol. The move marks its participation in NEAR’s Enterprise Node Operators programme, aimed at enhancing network decentralisation and security.
Deutsche Telekom sees this partnership as part of its commitment to greater data sovereignty and user control. Oliver Nyderle, head of digital trust and web3 infrastructure, described the collaboration as “promising and innovative,” highlighting its alignment with the company’s values. The initiative also broadens the firm’s staking portfolio, including networks focused on decentralised AI and scalability.
Following the announcement, NEAR Protocol’s price climbed 9.5% to $5.6, reflecting market optimism. This development comes on the heels of a Deutsche Telekom subsidiary launching a project to study Bitcoin mining using surplus renewable energy, showcasing its broader interest in blockchain applications.
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.
