SlashData, a First.tech company and AI digital solutions provider, has partnered with the Integrated Transport Centre (ITC), an affiliate of the Department of Municipalities and Transport (DMT), to launch Shary, a digital escrow service for vehicle ownership transfers within the federal licensing system.
The initiative involves cooperation with TAMM, the Abu Dhabi Government Services Platform, and Abu Dhabi Police.
Shary allows individuals to complete the resale process, from payment to title transfer, through a single digital platform.
Funds are held in a digital escrow account until both parties confirm completion, providing a secure and transparent handover process.
The service integrates directly with ITC, TAMM, and Abu Dhabi Police, enabling automated, paperless transactions with real-time tracking and instant notifications.
Thamer Alfallaj, CEO of SlashData, said:
“This achievement is the result of a shared vision and constructive collaboration with our partners at the Integrated Transport Centre, TAMM, and Abu Dhabi Police. Together, we have built a trusted digital ecosystem that brings transparency, security, and simplicity to one of the most important everyday transactions.”
Dr Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre, added:
“We have developed a legislative and regulatory framework that enables vehicle ownership transfers to be carried out safely and reliably, in cooperation with Abu Dhabi Police and our partners at SlashData and TAMM.”
Shary targets the UAE’s used car market, offering a government-backed digital solution intended to reduce risk and improve confidence in vehicle resale transactions.
Featured image credit: SlashData
