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Digital Ecosystems

Germany only ‘middling’ when it comes to blockchain

When it comes to blockchain technology, the German industry believes it is lagging behind other countries. This was the finding of a survey conducted by German digital association Bitkom.

30 Apr. 2019
Germany only ‘middling’ when it comes to blockchain (Photo: Bitkom)

For its survey , Bitkom Research polled some 1,000 people responsible for digital technologies in their company, namely companies with 50+ employees from six different industries (automotive, mechanical and plant engineering, transport and logistics, retail, energy and water, banks and insurance companies) and public authorities.

Of the companies/administrative bodies surveyed, 89% stated that the use of blockchain is not of interest to them: Some 86% of them have not even looked at potential applications, while 3% have decided not to use it. Of the remaining organizations and companies, 2% are currently discussing whether and how they might use blockchain. Just 4% are in the information and implementation phase, while only 2% have already initiated initial blockchain-based projects. A total of 10% of the respondents believe that German industry is lagging behind other countries when it comes to blockchain; a further 46% said Germany is among the countries bringing up the rear here. In terms of international ranking, 40% rated Germany as middling – and none placed the country among the top countries or as a world leader.