Only a few German companies are already working with blockchain. A recent study indicates that. But those companies that think hard about technology. Large companies in particular deal with it.
Technology has not only been an important factor for financial service providers since digitization. On the Bank’s blog you will find studies on the most important trends and developments.
The German economy sees great potential in blockchain technology. This was suggested by a survey conducted by the Bitkom Digital Association. Accordingly, 59% of the companies surveyed agreed that blockchain is to be reckoned with as one of the most important technologies of the future. 692 companies, each with at least 50 employees, participated in the study.
Seven percent of survey respondents use, plan to use, or discuss blockchain for business. But those who have high expectations of technology.
Blockchain users satisfied with technology
About 94 percent of companies using blockchain said the technology has made it possible to offer new products or services (2018: 82 percent). 99 percent of these companies agreed that they want to use blockchain technology to personalize existing products or services (2018: 98 percent). 77 percent assumed they could use blockchain to develop new business models (2018: 66 percent).
Large companies are particularly interested
On average, companies employing more than 2,000 people are more committed to blockchain than the rest of the survey respondents: 82 percent of them believe that blockchain is to be reckoned with, an important future technology.
Above all, it is the large companies that are currently dealing with technology: 64 percent of them say they do so “very intensively”. For comparison: Of those companies with 500 to 1,999 employees, 29 percent deal extensively with blockchain. 15 percent in medium-sized companies (100 to 499 employees). Nine percent are among small businesses (50 to 99 employees).
Where should blockchain technology play?
Anyone dealing with blockchain plans to use it primarily in the areas of finance, accounting or control (73 percent). Company representatives also see potential uses in logistics, warehousing and shipping (35 percent), in purchasing (34 percent) or in production (34 percent).
But most would agree: it just doesn’t work without teamwork. Seventy-four percent of all companies using, planning or discussing blockchain said they are already working with partners on this or planning to do so.
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