Hanseatic Blockchain Institute has published an extensive study on Blockchain as technology in the German economy. The federal ministry for economic issues and climate protection funded research and therefore has a policy -oriented view.
The study provides a comprehensive overview of the current adoption level, Opportunities and benefitsAnd obstacles that make it difficult to adopt. However, it has a large blind place, which arises from the fact that company that does not use blockchain Or plans or discuss its use no more detail, so the study mainly captures the perspective of advocates and actors of blockchain technology, as study leaders say themselves. Thus, the study misses Key -insight from failed attempts or discussions that result in not implementing blockchain.
Investigation
The study says that the majority of German companies do not believe that blockchain is relevant. The representative part of the survey in 2024 finds that only 3.2% of the German economy will use blockchain in some form, another 3.7% plan to use it and 18.7% have at least discussed it. The technology is used significantly less than comparable emerging technology as Artificial intelligence (AI), which is distributed by 27%, or Cloud calculationutilized by 46.5% of companies.
The study notes that blockchain Only gets slow ground in Germany, with the vast majority of their states saying it is “not a matter” for them. At the same time, the proportion of local companies that shared the same feelings in 2023 has increased slightly from 72.6% to 74.4%. Unfortunately, the study does not deepen deeper into this.
How used blockchain: potential and challenge
The next part of the study is a quantitative expert survey that asked 204 experts how they use blockchain in their companies. These usually come from the IT and telecommunications industry (31%), financial service sector (21%) and 15% from Consulting. Other fields are Media and entertainment (6%), training (5%), Art and culture 4%and marketing and sales. Other industries reached only 1% or are not represented.
The respondents also stated in which area they use blockchain, with financial services 54%, digital identities (31%) and marketing (28%) as the most mentioned fields.
The respondents gave their opinion on the potential they look in blockchain. The highest hits were to promote innovation (84%), information security (82%), confidence in cooperation with other organizations (81%), security in cross -company processes (78%) and improve products (66%).
The biggest challenges were regulation (36%), poor user experience (33%), Lack of skilled workers (32%) and critical reporting (31%).
Which techniques are used
With the insight into the technology used, the study becomes a little more concrete and highlights how bitcoin, smart contracts, non-fungal tokens (NFT) and tokenization are used and for what reasons.
BTC
BTC is used by 32% of the companies surveyed, mainly in the financial sector, where 50% of respondents use it. The main use case is self-investment (57%) followed by means of payment for customers (49%), trading (41%), payment means to contractors (41%), flash for payment purposes (32%), pseudo-anonymous transactions (16%) and mining operation (5%).
It may sound very positive for a BTC maxi, but the base N for the types of use is only 37. This means only a small fraction of the minority in the German economy is reportedly using BTC, although the word “use” should also be placed in quotation marks. Most companies use it as an investment and only the offer as a means of payment Does not say anything about how much BTC is actually used by customers, contract partners etc. The actual innovation still comes from other techniques.
Smart contracts
The most common blockchain technology is Smart contractsthat 94% of companies use. Within the IT/Telecommunications sector, the figure is 98%and in financial services the IT is 86%.
Nft (61%), tokenization (56%) and collections (optimistic, zero knowledge) (27%) are the most common areas of application.
Reasons for using smart contracts are new business areas (59%), increased efficiency 57%, regardless of intermediaries (53%), improved data integrity (50%) and process optimization (44%).
It is interesting that NFTs and tokenization are mentioned twice, since both technologies are again referenced below as independent techniques, which shoot into the background the fact that with ZK and optimistic collections, which acts as scaling options on some blockchains. Other warehouse solutions dominate the use of smart contracts. This, in turn, means that blockchains are used which simply is not scaled.
Nft and tokenization
The most important application areas for NFT are marketing (64%), certification (56%) and the art market (45%), with the benefits highlighted as certificate of ownership (91%), link to digital content (83%) and digital access (71%).
In the case of tokenization, the main application areas are bonds (46%), collector objects (39%) and properties (33%) followed by CO₂ certificate (23%), with the benefits of rapid processing (85%), transparency and traceability (82%) and access to institutional investors (74%).
While NFT’s and tokenization is truly future techniques, it is well known that many current application areas are no more than gimmicks or short -lived trends, as shown by the application in Art market or collector objects. The real value of these techniques will only be clear when scaling is achieved, which popular blockchains have not yet achieved.
Public Public Public Public Public Permission; Private Permit
Publicly unemployed blockchains Used mainly in the financial sector (76%), for digital identities (70%) and for copyright and license management (63%), with openness (76%), decentralization (77%) and immutability (68%) are seen as important benefits. Trust (61%), openness (61%) and inclusion (43%) also plays an important role.
Public condition blockchains are mainly used in handling of delivery chains (56%) of 49%, with management (60%), access control (58%) and legal regulations (34%) are cited as the main causes of their use.
Private allowed blockchains are used by 34%, especially because of their benefits in confidentiality (59%), data protection (56%) and compliance (47%). The reasons for transaction speed (29%) and scalability (26%) also occur here to a lesser extent.
The section on blockchain networks is likely to illustrate more than any other part of the study that blockchain technology is still in their childhood. However, the presence of many blockchains indicates that many participants actively seek alternative solutions to the problems that Bitcoin in its original version has actually already resolved.
Conclusion
The study offers a comprehensive overview of the status of blockchain -technology among its advocates and participants. But important insights from critics, trials and unsuccessful implementation are missing.
This is particularly critical because the study still provides Recommendations for decision makers (Requirements such as subsidies, regulation and establishment of consortia and forums). The study discusses what politics can do for blockchain, not vice versa, especially what blockchain can offer society, including companies, institutions, citizens and customers.
It is assumed that obstacles are external factors, such as regulation, negative pressure and lack of qualified workers. However, problems such as regulatory evidence, poor scalability and the uncertainty in Layer 2 solutions are problems that are inherent in blockchains, which are not only unattractive to many companies, but which they simply reject.
The study expresses clear enthusiasm for blockchain technology but presents a partial and too positive perspective. However, there is a lack of self -reflection here, as the study provides recommendations for measures against subsidization, regulation and the creation of knowledge exchange platforms, for example. As a result, the study is looking for ways at which Politics can support blockchain. But it fails to take a critical look at how blockchain himself must be structured to offer real value to the economy and society.
The study also lacks a clear difference between digital currencies that BTC and Corporate blockchains. Although some symbols support regulation, digital currencies often avoid legislation. A study aimed at decision makers should first identify which blockchains do not comply with regulatory standards, for scalability issues, have undergone protocol changes and which offers genuine usability.
This discourse has been discussed in BSV the community and has led to the creation of TeranodeThe ARCThe Liteklient (scalability), Recovery of digital access (regulation) and Rules for network access (Set-in stone protocol), which makes BSV blockchain the leading company’s blockchain.
See: Is your company ready to ride the wave of blockchain adoption?
https://www.youtube.com/watch?v=jlq4a11Jzcu Title = “Youtube video player” Ramborder = “0” Allow = “Accelerometer; Autoplay; Clipboard Writing; Encrypted Media; Gyroscope; Image-in-Bild; Web Dividend” Reference Policy = “Strict-Origin-When-Cross-Origin” Allowing Lorscreen = “>”
