Blockchain Strategy of the German Federal Government
October 2019
Strategies and Action Plans
The Blockchain Strategy of the German Federal Government sets a clear course for leveraging blockchain technology to drive innovation and secure Germany’s position as a leader in the digital economy. Recognising blockchain’s potential to revolutionise industries through its decentralised, transparent, and secure nature, the government’s strategy aims to foster its use across various sectors, including finance, energy, public administration, and supply chain management.
The strategy is anchored in five key areas of action:
- Securing stability and innovation in the financial sector: The government is focused on opening up legal frameworks for blockchain-based electronic securities and crypto-tokens. By establishing clear regulations and investor protections, it aims to create a secure environment that encourages blockchain-based financial innovations, including stablecoins and Initial Coin Offerings (ICOs).
- Advancing projects and regulatory sandboxes: Pilot projects and regulatory sandboxes will be created to test blockchain applications, particularly in energy, logistics, and education. The government will support research into sustainable blockchain technologies, emphasising energy efficiency and reduced environmental impact.
- Establishing clear legal frameworks: The strategy seeks to provide a reliable and technology-neutral legal environment for blockchain innovations. This includes developing standards for smart contracts, ensuring compliance with data protection laws, and exploring the use of blockchain in corporate law and governance structures.
- Blockchain in public administration: Blockchain technology will be piloted in public services to improve efficiency, transparency, and security. Projects include the use of blockchain for digital identities, trust services, and secure document verification. The government will also explore blockchain applications in areas such as vehicle ownership and customs.
- Knowledge sharing and international cooperation: The strategy promotes cooperation among businesses, government agencies, and international partners to share knowledge and best practices. It also aims to foster dialogue on blockchain technology through various initiatives and support Germany’s involvement in global standard-setting efforts.
Key principles underpinning the strategy include promoting innovation, ensuring investment security, maintaining economic stability, and aligning blockchain applications with Germany’s sustainability goals. The strategy is also designed to be adaptable, with regular updates to keep pace with the rapid development of blockchain technology.