ABSTRACT
Blockchain technology is an important twenty-first -century innovation that is revolutionizing the way in which not only commodities, but services are offered both domestically and internationally. Blockchain technology continues to have a tremendous impact on numerous global services-based industries. At the same time, it is important to understand that this technology is merely a part of a long line of innovative solutions for cross-border trade in services that go as far back as ancient history. In other words, although new technologies continue to appear that further facilitate the cross-border trade in services, the import and export of services have a long historical and sustainable track record, as in the areas of transportation, logistics, finance, and insurance. Transportation services refer to companies that facilitate the movement of goods. Blockchain technology is playing a role in revolutionizing the shipping and logistics industries. Another set of services-based industries that have historically played a key role in international trade are finance and insurance.
