A recent study by W3NOW reveals that while blockchain technology has the potential to revolutionize industries, German businesses are largely ignoring its benefits. The Hanseatic Blockchain Institute, in collaboration with the German Federal Ministry for Economic Affairs and Climate Action, conducted a report highlighting the significant underutilization of blockchain in Germany. Surveys of 9,000 German companies and 204 industry experts show that a large percentage consider blockchain irrelevant, with only 3% currently implementing it. In contrast, artificial intelligence and cloud computing are experiencing rapid growth. The financial sector leads in blockchain adoption for secure transactions and investments. Despite the recognition of Bitcoin in Germany, its usage is primarily for investment and payments. The report emphasizes the need for increased awareness and adoption of blockchain to leverage its potential in various sectors. Germany's blockchain journey shows promise but requires proactive efforts to bridge the regulatory and educational gaps for widespread adoption. Read more AI-generated news on: https://app.chaingpt.org/news