A recent survey of 9,000 German companies and 204 experts has revealed that Germany is lagging behind in blockchain adoption. The study found that over 74% of German companies in 2023 did not see blockchain as relevant to their business, and this number remained unchanged in 2024. Meanwhile, the adoption of artificial intelligence (AI) has increased significantly, with 27% of companies using AI in 2024 compared to 13% in 2023. Cloud computing has also surpassed blockchain and AI in terms of adoption, with 46% of German companies utilizing it in 2023. The report noted that the financial services sector is the most active user of blockchain technology, followed by the digital identity sector. The study identified several challenges to blockchain adoption in Germany, including the lack of user-friendly applications, negative media coverage, regulatory uncertainties, and a shortage of skilled professionals. The association of blockchain with cryptocurrencies also contributes to negative perceptions and discourages adoption by renowned institutions. The primary use of Bitcoin in the German economy was found to be for investment activities, followed by payments. The Lightning Network was used by 32% of respondents for transactions, and 5% engaged in Bitcoin mining. The majority of respondents cited Bitcoin's role in shaping the future of finance and its ability to facilitate peer-to-peer transactions as motivations for its use. However, only a small percentage agreed that Bitcoin meets environmental, social, and governance (ESG) criteria. As of the time of writing, Bitcoin was trading at $97.4k, representing a 35% increase in the last 30 days.



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