The ongoing competition for the growth of financial markets is paving the way to bring innovative ideas and collaboration of different financial platforms for Web3 development to give participants industry knowledge and seamless services.
Deutsche Telekom, the largest telecommunications provider in Europe, has recently collaborated with T-Mobile US, an American wireless telecommunications service provider. The purpose behind this collaboration is to launch the third annual T Challenge. It is a global platform where they arrange WebQuest for innovators to engage in learning and compete through challenges. The participants provide solutions for Web3 leveraging the potential of 5G to bring Web3 into the real world.
Partners like Chainlink have huge expertise. The rich-in-feature Web3 applications are built with the support of the Chainlink network. Additionally, these applications have easy access to off-chain and real-world data across any blockchain.
Participants can start submission from 20th Jan 2023. Additionally, all the expenses for the trip to Bonn, Germany, will be paid to bring their innovative ideas to this mega event.
With this competition, T-Mobile US and Deutsche Telekom want to fuel new innovative ideas in five major areas:-
- Network & Infrastructure
- Customer Engagement & Loyalty
- Decentralized IDs & wallets
- Media & Entertainment for Web3 development
According to experts, the new evolution of the internet will tend to interfere with centralized web dominance. However, this would bring change in business models for digital apps where the developers could gain knowledge via open-source innovations.