Malaysia Automotive Institute (MAI) has signed a Memorandum of Agreement with SophiaTX, a blockchain platform. The main purpose of this collaboration is to use blockchain technologies to improve the supply chain efficiency.

Utilizing SophiaTX Blockchain, along with enterprise solutions such as SAP, the duo aim to transform the after-sales and service sectors. MIA will utilize SophiaTX Blockchain to address the common automotive challenges such as opaque end-to-end supply chain visibility. Also, it will provide insights into current and planned demand.

Furthermore, MIA expects that the platform will facilitate tracking of the inventory details, delivery times, improper management of order changes, and supply limitations at any point of time.