This study explores the growing interconnectedness of global economies by examining the development of blockchain technology and its integration into international business operations. The new connectivity through digital technologies offers international businesses the means to cope with challenges and disruptions stemming from the complex business environment. These new technological possibilities have made distance and geography less important; however, in the global business environment, distances seem to grow and geography appears to matter increasingly more. Building on literature concerning trust in international business and the concept of "blockchain-based trust," the study questions whether blockchain technology can replace traditional trust mechanisms, allowing cooperation without reliance on geopolitical blocs. Empirically, our study will explore two emerging transformations: the use of blockchain technologies in state finances and in global value chains. The study will adopt the futures studies method, Causal Layered Analysis, which allows for the analysis of emerging phenomena. Our study will contribute to the emerging discussion on the contradictory developments of global interconnectedness by exploring the changing role of trust in the technology-enabled connectivity of businesses and economies.