Germany Invites Industry Feedback Ahead of National Blockchain Strategy

Germany national blockchain strategy

The government of Germany is turning to industry for feedback in a bid to shape a national blockchain strategy.

According to reports in Reuters this week, anonymous sources close to the German government have said a number of potential stakeholders in blockchain deployment have been invited to submit recommendations to the government, ahead of the launch of the national strategy later this year.

With industry now reported to be working on recommendations to the government in Germany, it joins the growing number of EU member states shaping their approach to blockchain — both in supporting the emerging industry locally, and in identifying use cases in public administration for the technology.

While there is no suggestion this could as yet influence legislation, the national strategy is expected to see the government introduce a range of new measures designed to support blockchain innovation and deployment.

The largest economy in Europe, Germany is known to be bullish on blockchain technology, with a number of practical use cases identified for further support. The proposed national blockchain strategy is expected to coordinate efforts around key areas of development, with commercial and practical applications in mind.

The government is keen for blockchain technology to play a greater role in sectors including energy, automobile manufacturing and pharmaceuticals, as well as exploring how blockchain systems can help improve public administration in the future.

Berlin has become a center for blockchain development in recent years, with over 170 blockchain startups based in the city. Last year, the country’s Financial Supervisory Authority head, Felix Hufeld, described the technology as “revolutionary.”

The announcement comes at a time of growing interest around blockchain within the EU. In recent days, the government in Luxembourg passed a new legal framework for blockchain-issued securities, designed to shore up the law for those issuing instruments on the blockchain.

Similarly, the Italian government has been gathering experts to inform its national policy approach to blockchain, following the decision of seven EU member states to work together in cooperating to develop blockchain systems for boosting economic results and delivering government services.