Pontem to use Polkadot (DOT) to connect Diem blockchain and DeFi

Pontem, an experimental network for Facebook’s Diem project, has teamed up with Polkadot-based node infrastructure provider PinkNode.

Pontem has partnered with PinkNode, an infrastructure-as-a-service provider on Polkadot.

The partnership will let Pontem deploy an experimental test network for Facebook’s Diem blockchain, formerly known as Libra.

Diem is an ambitious blockchain project from Big Tech mainstay Facebook but is not open to public participants due to its permissioned nature. As a result, developers and entrepreneurs working on Diem may find it difficult to build open source solutions that can compete to the level of innovation with public blockchains such as Ethereum or Polkadot.

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