Effective supply chains enable the delivery of goods to customers to be a streamlined and time-effective process. These chains involve products being handled from manufacture to sale by multiple organizations, all of which collaborate in a way that allows the overarching company to flourish and customers to remain satisfied. 

Out of everything, it is the constant evolution of the internet that has allowed all the links within every supply chain to keep connected. However, because of the reliance supply chains have on the internet, they are becoming increasingly susceptible to digital threats such as hacks and data leaks. 

With this in mind, supply chains can learn a lot from another industry that has, time and time again, proven itself to be resilient and secure in the face of an increasingly dangerous digital world: online casinos.

Integration of Secure Payment Methods

Often, within supply chains, transactions need to be made between the links. Since these payments are operating on a business and industrial scale, they often contain a significant amount of funds. This is one of the main reasons that supply chains have become such an ideal target for digital hackers.

Online casinos also handle, often large, transactions of currency, and have become excellent at keeping both their funds and the funds of their customers safe from digital threats. One way they do this is through using alternative methods of payment that have been proven to be more secure than traditional options.

The most prominent example of this is cryptocurrency. Transactions made with crypto are encrypted, which makes them very difficult for hackers to trace to a source. When these are used by the top bitcoin casinos shortlisted by industry professionals, customers can rest assured that their payment information is stored and handled in the most secure way possible. This, coupled with the fast transaction speeds and generous bonuses they offer to their customers ensures continued customer satisfaction.

If supply chains used this payment method, they would be greatly increasing the security of their entire company, actively fighting against the hacks and data leaks we have heard so much about in recent news.

Advanced Identity Verification and Licensing

As mentioned, supply chains function through co-operation. This does not just mean communication between the different links in the chain, but can also often involve the input of third-party companies. Although these companies may be essential in the function of the supply chain, it is becoming increasingly difficult to verify the legitimacy of third-party sites.

Additionally, fraud is more common than it ever has been, and many criminals have learnt to mimic valid suppliers to trick those within a supply chain into handing over sensitive information.

Online casinos are no stranger to fraud and illegitimacy, both within and outside of their own industry. That’s why genuine online casinos must have all the correct licensing to prove their authenticity to their customers. 

When it comes to business within a supply chain, individuals should ensure that any companies they are working with have the correct license and that this is genuine.

Additionally, online casinos have become experts at verifying the identity of their customers by using a wide range of modern tech, including everything from biometric face scanners, fingerprint recognition devices, and documentation checks.

Supply chains should be just as thorough when it comes to ensuring that the company or individual they are collaborating with is who they say they are.

The Utilization of AI

One of the biggest issues regarding attacks on supply chains is that, due to the involvement of so many different people, suspicious activity often goes undetected until it is too late.

Online casinos, however, have already come up with a highly effective way of tackling this, and it involves artificial intelligence.

Recently, AI has been revolutionizing countless different industries in countless different ways, but one of the most significant amongst these is through increasing security. Online casinos use smart AI technologies to detect, identify, and alert staff members of any suspicious activity, as well as actively fight back against this activity or shut down aspects if it deems this necessary.

This kind of tech would make supply chains infinitely more secure and would help take the pressure off of human workers. Since AI can evaluate so much more data than humans and at an unfathomably fast pace, integrating AI is by far the best way for supply chains to ensure increased security.

Conclusion

More and more frequently, supply chains are becoming the victim of well-organized and incredibly detrimental digital attacks. One only has to look at news articles for the past year to see how prevalent this is and how much a change is necessary. Luckily, this industry does not have to look far for inspiration on how to increase its security, as online casinos have been doing it for years, and have a lot that they can teach.