Quantifying the Role of Blockchain as a Coordination Infrastructure in Cross Border Economies

The paper explores blockchain as an infrastructure of systemic coordination of cross-border economic integration using macro-level data in the period of 2012 to 2024. Blockchain adoption indexes, distributed validation, immutability, decentralized trust and cross-border transaction statistics indicate that blockchain has a great impact on improving transaction efficiency, transparency, and integration with immutability and decentralized trust being the most significant. The analysis of 52,400 BitcoinTalk (BTCT) forum posts indicates that the construction of trust does not depend much on national cultural dimensions. Technical checks and sharing experiences have more than 60% of the impact on trust formation. These findings reveal that blockchain has the potential to create culturally neutral, protocol-based trust, which will reduce the cost of transactions and increase the economic coordination.