Blockchain Application and Cooperative Innovation in China’s Hydrogen Industry Alliance: From the Perspective of Knowledge Spillover

How to guide the virtuous cycle of data element and core knowledge is a realistic issue for the sustainable development of industrial alliances. This paper introduces a blockchain framework for hydrogen energy industry alliances to address the challenges of continuous innovation within the alliance and uses a stochastic game model to analyze the key factors affecting innovation in the alliance. The results validate the important role of knowledge spillovers as well as the regulatory framework of blockchain in maintaining alliance stability and innovation. The research results provide new management ideas for entrepreneurs and alliance management to maintain alliance stability.