German economy is blockchain latecomer – The German economy is blockchain latecomer

Published on: May 3, 2019 / Update from: May 3, 2019 - Author: Konrad Wolfenstein

Only two percent of the companies surveyed for a Bitkom Research analysis work with blockchain applications - only in large companies with 500 or more employees does the proportion reach double digits. Those German companies that are intensively involved with blockchain or are already using it generally see themselves as pioneers in this area, but are of the opinion that Germany as a whole is a blockchain latecomer. According to Bitkom President Achim Berg, the core of the blockchain is that “data transactions are not stored centrally on a server, but rather decentrally in the blockchain. That means: distributed in a network of computers.” According to the study, Switzerland, Malta and the USA are considered international pioneers in this area.

Only two percent of the companies surveyed for a Bitkom Research analysis work with blockchain applications – only large companies with 500 employees or more have a double-digit share. Those German companies that are intensively involved with blockchain applications or are already using them generally see themselves as pioneers in this field but are of the opinion that Germany as a whole is a blockchain latecomer. According to Bitkom President Achim Berg, the core of the blockchain is “that data transactions are not stored centrally on a server, but decentrally in the blockchain. This means: distributed in a network of computers." According to the study, Switzerland, Malta and the USA are regarded as international pioneers in this field.

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