Abstract
ABSTRACT This paper discusses the impact blockchain technology has on international business. There are great opportunities for incorporating the blockchain within global value chain activities and cross-border trade facilitation, along with business functions across borders – i.e., blockchain driven international business (BDIB). The paper posits that while initial investments in BDIB would be higher, there would be better performance realized over the long term. It is critical, then, to better understand and research the incorporation of this technology across the various needs of multinational enterprises (MNEs) as well as international small & medium sized enterprises (SMEs). Implications are discussed. Keywords Blockchain, Global Value Chains, International Business
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