Blockchain is really important for… what actually

December 21, 2021 – Only a minority of companies in Germany (7 percent) are using, planning to use or at least discussing blockchain technology – but those with high expectations.

by Sebastian Halm

94 percent of these companies state that they can offer new products or services with the help of blockchain. Three years ago it was only 82%. Almost all of them (99 percent) say they want to use blockchain to adapt existing products or services (2018: 98 percent). Three quarters (77 percent) also assume that blockchain will enable them to develop new business models (2018: 66 percent). These are the findings of the study report “Blockchain – Where Will the Economy Stand in 2021?” for the digital society Bitcom
, surveying 652 companies with 50 or more employees in Germany.

• The majority consider blockchain as an important future technology. 6 out of 10 companies with 50 or more employees (59 percent) agree with the statement that blockchain technology is greatly underestimated, as it is one of the most important technologies of the future. Among large companies with 2,000 or more employees, the figure is as high as 82 percent.
• Large companies in particular are currently working extensively on the blockchain. Two-thirds (64 percent) of companies with 2,000 or more employees do so very intensely, in those with 500 to 1,999 employees it is still 29 percent. In medium-sized companies with 100 to 499 employees, the percentage is significantly lower at 15 percent and only 9 percent of companies with 50 to 99 employees deal extensively with blockchain.
• Blockchain is often teamwork. Three-quarters (74 percent) of companies that use blockchain are planning, discussing, sharing ideas with others, or collaborating.
• Anyone dealing with blockchain primarily plans to use it in the areas of finance, accounting or control (73 percent). This is followed by a significant distance of logistics, warehousing, dispatch (35 percent), purchasing (34 percent) and production (34 percent).
• The digital euro was well received. More than three-quarters (78 percent) of companies want a digital euro that is based on a blockchain.