German Blockchain Index

Ever since the bull-run on crypto markets and the rapid price rise of the bitcoin in 2017, „blockchain“ has reached the mainstream conversation. Experts around the globe agree: The technology has the potential to change almost every existing industry fundamentally. Together with the most read German publication about blockchain topics we at BlockState wondered how the German blockchain developed ever since and what the state of the ecosystem is after the hype year 2017.

This was of particular interest since German companies have a reputation of being late followers in the digital technology space. So, what is the state of developments in the German blockchain ecosystem? How large is the sector and do German companies have the potential to be leaders in the establishment and shaping of the Economy of the future? The German Blockchain Index shows a cross section of the current state.

The study included a secondary online research on more than 180 companies in the space as well as a survey among more than 100 representatives of German based blockchain projects. We started by gathering general data about the companies like location, industries and business model. In addition, we tried to find out more details like the size of teams, maturity stage, type and size of funding and revenues. We found the latter to be particularly interesting as the public perception often seems to revolve around ICOs and cryptocurrencies, not making a distinction to those projects using the technology to build actual products and that many companies do not use the technology to only push their own funding.

In cooperation with