The adoption of blockchain technologies by German businesses is gaining momentum, according to a recent survey by the Ifo Institute. Within the past year, the share of companies utilizing blockchain or planning its implementation in the near future has risen from approximately seven to nearly ten percent. An additional twenty percent of companies are currently discussing the potential use of the technology.
Blockchain, or more broadly, Distributed Ledger Technology (DLT), refers to a decentralized database structure enabling transparent, secure and automated transaction processing. According to Anna Wolf, an Ifo industry expert, “DLT-based systems allow companies to streamline their digital business processes.
The adoption rate of DLT varies significantly across sectors. The manufacturing industry demonstrates the highest uptake, with roughly 13 percent of companies currently using or planning to use these technologies. Notably, every third automotive company is already employing DLT solutions. The chemical industry reports a share of around eleven percent, a figure similar to that of wood and furniture manufacturers.
Within the service sector, IT and cybersecurity firms, as well as consulting companies specializing in law, tax and economics and marketing agencies, are actively leveraging blockchain technologies. More cautious adoption is observed in the trade and construction sectors. The findings highlight a growing recognition of the potential benefits of DLT for enhancing efficiency and security within various industries.