Delving deeper, NetSuite SDN partners are also able to create blockchain applications to meet the needs of NetSuite customers.
"NetSuite is excited about Oracle Blockchain Cloud Service, and the value it could bring to our 40K+ global organisations," NetSuite executive vice president of development Evan Goldberg added.
"We look forward to integrating access through our SuiteCloud Platform, to enable customers to easily consume blockchain-enabled financial and supply chain SuiteApps and services.
"With this announcement, we will empower our developer ecosystem to connect, create, and innovate in the global blockchain economy. This is a tangible benefit of being a part of Oracle family and leveraging Oracle's investment in advanced cloud services."
For Goldberg, the integration and availability of the API through the SuiteCloud platform helps boost integration, alongside faster on-boarding to blockchain services and future business networks for NetSuite's expanding global user base.
"This integration creates one of the largest business communities to benefit from innovative next generation applications enabled through Oracle's cloud and distributed ledger technology and offered by Oracle's vast partner ecosystem," Goldberg added.
"The Oracle Blockchain Cloud Service initiative is further evidence of the increased investment in new technologies that Oracle brings to the NetSuite user base."
Similar to cloud however, Oracle is arriving late in a market already dominated by global players, with IBM and Microsoft widely regarded as having the strongest credentials in the blockchain sector.
Backed up by recent findings from Juniper Research, of enterprises either actively considering, or in the process of deploying blockchain technology, more than four in 10 (43 per cent) ranked IBM first - more than twice the proportion selecting second-placed Microsoft (20 per cent).
According to findings, this reflected Big Blue's high-profile research and development engagement with initiatives such as Hyperledger, alongside the vendor's extensive list of blockchain clients across an array of key verticals and use cases, including banking, asset tracking and the music industry.
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