Swisscom Blockchain Wins Grant From Web3 to Help Toughen Polkadot’s Proof-of-Stake Network
Swisscom Blockchain, a distributed ledger technology startup owned by telco giant Swisscom, has been awarded a grant from the Web3 Foundation to build a cloud-based protection layer for stakers on the Ethereum-based Polkadot network. Announced Thursday, the grant will help build Swisscom Blockchain’s Kubernetes Operator for Polkadot, a way of protecting participants involved in proof-of-stake processes on Polkadot and the Kusama testnet against losing their staked tokens if the network is attacked or compromised.
“The Web3 grant was awarded to contribute to the Polkadot ecosystem by submitting an open-source repository that other startups and enterprises can use to setup/manage their own infrastructure in an automated way while providing security best practices for resources hosted in the enterprise,” said Jorge Alvarado, head of technology, Swisscom Blockchain, via email. “Providing Kusama and Polkadot with a Kubernetes Operator contributes to a more robust network,” said Dieter Fishbein, head of ecosystem development at the Web3 Foundation, in a statement.
