Quite a few experts say that blockchain technology is on the way to developing in a similar way to the Internet around 20 years ago. If you follow this thesis, the question arises as to whether the next Google, Amazon or Facebook has already been founded or will only emerge in the coming years. Whether there will be a blockchain champion from Germany is an equally exciting question. LSP Digital examined the startup ecosystem of blockchain-focused business models in Germany. One result of this is that a quarter of companies are currently still concentrating on basic infrastructure issues. The largest application segments are heavily B2B focused with finance and industry. Consumer topics are still rather underrepresented outside of crypto wallets.