Dagang Net Technologies Sdn Bhd has signed a strategic collaboration agreement with Malaysia Automotive Robotics and IoT Institute (“MARii”) to jointly develop and operate a Web-based information system for used vehicles.

Called Sistem Maklumat Automotif Terpakai (“SMAT”), the system enables end users to search, retrieve and authenticate used vehicle data by keying in a specific identity reference number. Data provided can include such information as make of vehicle and model, country of manufacture, chassis number, engine and fuel type as well as date of original registration.

The system is expected to reduce information irregularities and improve trust between used vehicle buyers and sellers. Under the agreement, the partnership also include commercial aspects of the project including engagement with used vehicle dealers or open approved permit holders in Malaysia, marketing and provision of a help desk or support for customers.