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The paper analyzed the processes of creating new institutions and transforming the activity of the existing institutions under the impact of digitalization in the time of economic instability and sociopolitical risks and threats. The authors consider different scientific views of public and intercountry regulation of the widespread introduction of digital technology into the global and national economies. In this context, such a matter is considered as the “trust-responsibility” combination in smart contracts and other agreements of a new type, which embrace the interaction of human and non-human subjects as an integral whole. The aim of the article is to theoretically understand the transformation processes of legal institutions from the position of qualitative analysis of the change in socioeconomic relationships, develop conclusions and recommendations for the effective use of modern methods, approaches and tools of regulation so that not only economic stability but also economic growth is ensured.

Institutional Transformation of the Socioeconomic System Under the Impact of Digitalization Processes