Only 17% of the respondents believe they can explain the term
According to Bitkom.com, 52% of Germans have never heard of the term blockchain. At the same time, 23% know the word but cannot say what it means.
Many people are unsure (“Heard, but can’t explain what is meant”) when it comes to the terms cryptocurrency (45%), big data (41%) and virtual reality (40%).
On the other hand, 80% of the respondents know the term ”data center” and can explain what is behind it. The same applies to apps (76%), 5G (67%) and cookies (63%).
Cloud computing (52%) and Artificial Intelligence (49%) can only explain every second person, while a chatbot (29%) can only be explained by just under every third person.
We’ve reported that to enhance money transfers, JP Morgan turns to blockchain.