Blockchain technology: is blockchain technology just as effective as the Internet? Here's what more than a third of German companies think

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A recent survey conducted in Germany showed that more than a third of companies in Germany believe that blockchain technology is as revolutionary as the Internet. The survey was designed for blockchain compared to the Internet in terms of impact. However, it was not limited to blockchain technology. Other emerging technologies such as artificial intelligence and machine learning have also been considered in the survey. The result of the survey is that these technologies have a strong potential.

Blockchain technology and the Internet

The study was conducted by Bitkom, the German Federal Association for IT, new media and telecommunications. It showed that more than 15% of the German-based companies that were involved in the survey believe that blockchain technology is as revolutionary as the Internet and has the same disruptive effect. Most large companies believed it strongly.

During the survey, 46% of the companies involved consider Germany a "latecomer" when it comes to the adoption of blockchain. I'm late compared to other nations. Up to 40% of the participants said they did not see Germany as a leader in the development of blockchain, but they consider it one of those in the middle.

Bitcoin (BTC) Price today – BTC / USD

This is not the first time that Bitkom conducts surveys on cryptocurrencies and blockchain technology. They have conducted numerous surveys in the past on this same problem. In November, the group conducted a survey that showed that over 60% of companies based in Germany are still not comfortable with blockchain technology. The main reason for this hesitant attitude is the unavailability of practical applications of technology.

In February, Bitkom conducted a survey that revealed that 64% of all German citizens knew about Bitcoin. This was an improvement of the 2016 survey which showed that 72% had no interest in cryptocurrencies, 19% had an idea on how to buy cryptocurrencies and only 4% had BTC in their portfolios.

Speaking of the economic importance of cryptocurrencies, the CEO of Bitkom, Bernhard Rohleder, said:

"BTC and other cryptocurrencies are typical examples of the disruptive effect that the digital era will have on the financial world, not just cryptocurrencies, but blockchain technology, it will have an impact on the whole economy."

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