How to promote data sharing among enterprises based on dynamic evolutionary game analysis

ABSTRACT

In traditional contexts, enterprises often hesitate to engage in data sharing due to the associated heightened risks and transaction costs. Blockchain technology, leveraging its encryption algorithms and smart contracts, effectively alleviates these challenges, thereby encouraging enterprises to actively participate in data sharing. The adoption of reasonable reward and penalty mechanisms can prevent opportunistic behaviours and stimulate data sharing among businesses. It is noteworthy that blockchain technology and data alliance have a mutually substitutive effect in terms of risk and communication costs, while they complement each other in regulatory and transaction costs. The integration of blockchain technology with data alliance can enhance collaborative revenue and reduce various costs. When distributing collaborative revenue, it is crucial to adhere to the guiding principle of ‘prioritizing efficiency while considering fairness’. Collaboration becomes a reality when all parties collectively achieve a substantial overall revenue threshold. Subsequently, in-depth exploration of fair resource allocation principles is crucial to ensure the equitable distribution of resources.

KEYWORDS:

• Data sharing
• blockchain
• data alliances
• dynamic evolutionary game

Disclosure statement

No potential conflict of interest was reported by the author(s).

Additional information

Funding

This work was supported by the Ningbo Natural Science Foundation [grant number 2023J061], Zhejiang Provincial Federation of Social Sciences [grant number 2024N075], Guangdong Province Youth Innovation Talent Program for Ordinary Universities [grant number 2021WQNCX145], Zhejiang Province Soft Science Project [grant number 2023C35114].

Notes on contributors

Xu Huang

Xu Huang lecturer at Ningbo University of Finance and Economics, Ph.D. in Economics. Dr. Huang’s research interests are applied economics and innovation management.