Many experts believe that blockchain technology is poised to undergo a similar trajectory to the internet some 20 years ago. Following this line of reasoning, the question arises whether the next Google, Amazon, or Facebook has already been founded or will emerge in the coming years. Whether Germany will produce a blockchain champion is an equally intriguing question. LSP Digital has examined the startup ecosystem of blockchain-focused business models in Germany. One finding: a quarter of the companies are currently concentrating on basic infrastructure. The largest application segments, particularly finance and industry, are heavily B2B focused. Consumer-related topics, aside from crypto wallets, are still relatively underrepresented.
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