Dynamic Simulation Research on the Effect of Governance Mechanism on Value Co-Creation of Blockchain Industry Ecosystem

The development of blockchain technology promotes the evolution industrial ecosystem, and value co-creation in ecosystem has become an important factor for sustainable coordinated industry ecosystem. By answering question how governance mechanisms affect this paper aims to clarify realization mechanism Based on transaction cost theory social exchange theory, are divided into contract trust governance. system dynamics method is used analyze causality effect model flow chart established, Vensim PLE software perform simulation sensitivity analyses model. results show that: both can positively ecosystem; due existence bounded rationality, compared with governance, a more significant impact resource innovation co-creation; there co-existence among single effect, two promote process actively. research reveal internal laws provide valuable insights exploitation facilitate effectively creation