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Lufthansa and Deutsche Telekom are launching blockchain nodes on Peaq, with Peaq expected to officially go live during the week of September 23rd.

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TechFlow
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Sep 10, 2024

TechFlow News: Global aviation giant Lufthansa and telecommunications giant Deutsche Telekom announced the launch of their DePIN blockchain nodes to support the operation of the $Peaq network. The Lufthansa Innovation Center, Deutsche Telekom, the Bettasman Investment Company, and the Technical University of Munich jointly launched the $Peaq nodes, with the combined valuation of their holding companies exceeding 170 billion dollars. The $Peaq network is expected to officially launch during the week of September 23. As node operators, these companies will be responsible for maintaining a complete copy of the blockchain ledger, verifying transactions, and ensuring network security. Industry insiders speculate that the next trillion-dollar company could be a DePIN giant similar to Amazon AWS cloud services, as demand for decentralized connectivity solutions continues to surge.

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