Computable Compliance as Institutional Technology: A Demand-side Entry Point for Peripheral Tech Ecosystems — The Case of Burgas
Computable Compliance as Institutional Technology: A Demand-side Entry Point for Peripheral Tech Ecosystems — The Case of Burgas
Author(s): Vladimir Stantchev, Teodor SedlarskiSubject(s): Economy, National Economy, Public Finances, Socio-Economic Research
Published by: Софийски университет »Св. Климент Охридски«
Keywords: institutional economics; regional innovation ecosystems; computational jurisprudence; transaction costs; Bulgaria
Summary/Abstract: Peripheral technology ecosystems in Eastern Europe are institutionally thin: lacking the social embeddedness that makes metropolitan firms contractible at a distance, they remain locked out of high-value markets even where cost and skill fundamentals are favourable. Combining an exploratory institutional case study of Burgas, Bulgaria, with a design-science specification of computable compliance — machine-verifiable, cryptographically signed conformity evidence — we ask whether formal institutions can substitute for missing embeddedness in assurance heavy transactions. The EU regulatory stack (DORA, NIS2, the AI Act, the CRA) and Bulgaria's euro adoption convert compliance capability into a tradable product: a demand-side entry point for peripheral ecosystems.
Journal: Bulgarian Economic Papers
- Issue Year: 2026
- Issue No: 3
- Page Range: 2-21
- Page Count: 20
- Language: English
