“Blockchain” has been on everyone’s lips after Bitcoin’s price raced to unseen hights in 2017. But what does the blockchain ecosystem really look like in Germany after 2017? To answer this question, BTC-ECHO and BlockState conducted a comprehensive study. 180 German blockchain start-ups were included, of which more than 100 took part in our survey. What is the current state of development in Germany? How large is the sector and do German blockchain pioneers have the potential to help shape the economic system of the future?
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Almost 50 % of German blockchain start-ups are based in Berlin.
67 % of asked companies already generate revenue.
53 % of start-ups employ less than 10 employees.
The majority of companies are financed through an Initial Coin Offering (ICO) (86).
*All Data and graphs may be used by third parties as long as the source BTC-ECHO is cited.
Experts from all over the world agree: The blockchain technology has the potential to fundamentally change almost every aspect of our economy. BTC-ECHO as the largest blockchain magazine in Germany, together with BlockState, have asked ourselves how the blockchain ecosystem has developed in Germany. Can companies compete with startups in blockchain hubs such as Singapore, Malta and Switzerland? German companies are often said to recognize decisive innovations too late. What is the current state of development in Germany? How large is the sector and do German blockchain pioneers have the potential to help shape the economic system of the future? We have carried out a study that sheds light on the blockchain ecosystem in Germany with some surprising findings.
The study comprises a thorough research of 180 different companies as well as a survey in which representatives of more than 100 blockchain startups in Germany were interviewed on various topics. These include general information about the company and its business model, the composition and size of the team as well as the type and scope of financing. We found the latter to be particularly crucial, as there seems to be little differenciation in public perception between blockchain and crypto currencies. Therefore it is often assumed that every company in the blockchain sector also finances itself through an Initial Coin Offering (ICO).
51nodes
Advanced Blockchain AG
Airstage
ALISSIA MUSIC
AnkhLabs
AnyLedger
Apres
ARES
astratum
Authenteq
Authoreon.io
B3
Based Global
BC-Ticket
BEAT
BEATRIX
Beercoin
Bernstein Technologies
BFS Blockchain For Science
BigchainDB
Bitbond
bitcoin.de
Bitfineon
Bit-learn
bitwala
BlockAxs
Blockbay
Blockchain Holding
Blockchain Hub
Blockchainfirst
BlockKeeper
BlockState
Bloxia
brainbot
Brickblock
Brisk Pass
Capdax
Centrifuge
CHAINSTEP
chango
CloudEO
CoinAnalyst
CoinMirror
concertVR
conjoule
Contractus
copytrack
CROMhub
Crycash
CryptoTax
CryptoTec
Cryptoticker
CVerification
Dash Embassy D-A-CH
Datawallet
Deepshore
DIA
DonateImpact
Dyno
eByte
Edgecoin
Electrum
enerchain
envion
eSports
Eternitas
Etherisc
evan
Fainin
Fractal
Fractal Blockchain
Fraunhofer FIT Blockchain-Lab
Fulmo
Gaming Stars
Genesis Mining
Gird Singularity
Glassnode
Globo
Gnosis
Goodstuff-Media
healthbase
Helix
HELIX Orange
herdius
hicky.io
House of Coins
HubX
Hydrocoin
iamhero.
Iconiq Lab Accelerator
IDEE
Inbot
InkDrop
Internet of People
Intrachain
Inwemo
IOTA
Jibbit
Jolocom
Kette
Keyp
LenusChain
Leondra
Leondrino Exchange
LetsBet
license.rocks
Lisk
litenett
Lovr
LUKSO Blockchain
MACATO / remipay
MADANA
Margin
Marquise Museum of Contemporary Art
Medixain
Meminto
mero ventures
Minespider
Mintfort
MMCrypto
Motion Werk
MulTra
MXC Foundation
nakamo.to
NECO
Neco Finance
Neufund (Fifth Force)
NOS Stablecoin
Ocean
Ohlala
Ojooo
Oldtimertrend
Opiria
OriginStamp
OURZ AG
Parity Technologies
Paysura
PONTON
QuantiCor Security
Raiden
realisto
redBUX
resonate.is
Riddle&Code
Rlay
Santiment
satoris
SatoshiPay
Savedroid
Send
ServAdvisor
Share&Charge
Shivom
SICOS
SIMMST
simpletoken
Slock.it
Space.Cloud.Unit
Spherity
Staramba
stokera
Streamstars UG
STROMDAO
Stryking
SUBAJ
Talenter.io
Talisman.id
Tangany
Taqanu
tip-me
TravelerToken
TREEEC MONEY
Trusted Cars Flex
TV-TWO
ubirch
ufoodo
Unibright
upvest
Vaultoro.com
Vreo
Way
weeve
Welt der Wunder
Whisky Token
WHYTOKEN
WOM Token
Wysker
XAIN
XTECH
YeaY
YPTOKEY
Datasources
This study was based on a survey among 103 companies as well as a secondary online research on 195 companies. The secondary research included data from the following sources: www.crunchbase.com, www.icotracker.com, www.icobench.com, www.icodrops.com, www.trackico.com, www.chain.de as well as the companies‘ corporate websites.
Eligibility
The survey included questions about the companies‘ location, industry, sector, revenues, founding dates, team sizes, and size and types of funding. The survey was created and distributed using Google Forms.
Survey
The survey included questions about the companies‘ location, industry, sector, revenues, founding dates, team sizes, and size and types of funding. The survey was created and distributed using Google Forms.
Quantitative methods
The numbers and charts above are based on usable answers. Not in all cases did all companies provide useful answers. Where no percentage symbol is shown, the charts display all the entire set of usable answers given by the respondents.
Data cleansing
In a few exceptions, unclear or incomplete answers had to be cleaned from the dataset. In some cases – where noted – multiple answers were allowed.
For any questions relating to this study and suggestions for further development, please reach out to BTC-ECHO via:
[email protected]