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Blockchain becomes Necessary for German Businessman like Internet

Discussion in 'Off Topic Discussion' started by KatieRussel, Dec 6, 2018.

  1. KatieRussel

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    A poll conducted by the German Association for IT, Telecommunications and New Media (Bitkom) unveiled that every third major company in the country considers blockchain technology as groundbreaking as the Internet, according to the press release of the organization.

    Based on the extensive research, the Bitkom experts concluded that German entrepreneurs consider blockchain to be one of three most promising technologies along with artificial intelligence (AI) and the Internet of things (IoT)

    About 15% of companies-respondents believe that distributed ledger will drastically change the society and the economy, as happened with the advent of the Internet. Nearly 36% of large enterprises, with the number of employees from 500 and above, adhere to this opinion.

    Almost half of the survey participants (46%) believe that Germany is late with the development and use of blockchain and is already far behind other countries. 40% of the surveyed state that the country is in the middle of the list of countries that actively use blockchain technology.

    A previous Bitkom survey, which was conducted in November 2018, showed that 60% of German companies do not want to address the blockchain matter because they do not know how to find a practical application of the technology.

    In February 2018, the organization conducted a study on the awareness of German citizens about bitcoin.
    Then 64% of citizens reported that they are familiar with cryptocurrency. Meanwhile, in 2016, only 4% of the country's population knew what bitcoin is.

    Earlier, a study by the World Trade Organization revealed that blockchain might bring $3 trillion to the economy in the next 20 years.

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