UCO Networks teams with VeChain Foundation to build blockchain structure for global industry

September 20, 2022 |

In Estonia, UCO Network, the first blockchain-based ESG-focused biofuel platform and the VeChain Foundation, overseer of the world’s leading sustainability-focused public blockchain, VeChainThor, are thrilled to announce a long-term partnership to build infrastructure for the global used cooking oil industry, opening a plethora of new opportunities within the advanced biofuel sector.

UCO Network provides used cooking oil traceability solutions with a focus on automatic compliance with the European Union’s Renewable Energy Directive II.
The platform uses a combination of Blockchain and IoT technologies to mitigate the risk of used cooking oil supply chain fraud. After evaluating multiple Smart Contract platforms and their capabilities, VeChainThor was UCO Network’s Layer 1 Blockchain Partner of choice.

Meta-transaction features native to VeChainThor’s core protocol such as multi-party payment, multi-task transaction, controllable transaction lifecycle and transaction dependency make development much more user-friendly, meeting the scalability needs of UCO Network’s planned enterprise adoption.

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Category: Fuels

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