UCO Network UCOIL Price 0.01699077

Automatic compliance with European Union's Renewable Energy Directive II is one of the solutions provided by UCO Network. The risk of used cooking oil supply chain fraud is mitigated by a combination of technologies. UCO Network technologies help customers and partners comply with regulations. There are many opportunities for fraud due to the lack of transparency in the UCO supply chain. UCO market prices are higher than virgin oil. Strong rules and regulations are required for producers of BioFuels because of a high demand and limited supply. There is a The lack of trust, transparency and trustworthiness is solved by the UCO Network. The protocol mints an NFT for every used cooking oil collection, which our customers use as proof of ownership and sustainable use. The solution gives access to a global used cooking oil commodity marketplace and is backed by the internet of things.