Liquidity Lounge#18| The Podcast Transcription

In this episode of Mids Capital, Miguel introduces UCO Network, a blockchain-based ecosystem focused on the sustainable collection and recycling of used cooking oil (UCO) for biofuel production. He discusses the environmental issues caused by improper disposal of UCO, such as clogged drains and pollution, and highlights UCO Network’s solution: a blockchain-powered system that tracks UCO collection and rewards participants with digital tokens.

Miguel elaborates on community engagement, describing how the platform enables individuals to join the circular economy, participate in home collections, and earn tokens redeemable for various benefits. He also shares plans for carbon tokenization and the creation of a trading hub to facilitate transactions in voluntary carbon markets. Looking forward, UCO Network aims to expand significantly by 2026, implementing new technologies and increasing their UCO transactions to substantially reduce carbon emissions.

Mids Capital: Good day, everyone! Today, we’re thrilled to introduce UCO Network, a pioneering blockchain-based ecosystem dedicated to revolutionising the collection and recycling of used cooking oil for biofuel production. Joining us is Miguel, who will shed light on this transformative initiative. Miguel, could you give us an overview of the UCO Network?

Miguel: Absolutely, and thank you for having me. UCO Network is a blockchain-powered platform committed to enhancing sustainability efforts in waste management and renewable energy. Our goal is to unite individuals and communities to tackle the challenges associated with used cooking oil disposal while driving positive environmental impact.

Mids Capital: Let’s delve into the problem of used cooking oil. What challenges does it pose, Miguel?

Miguel: Improper disposal of used cooking oil leads to numerous issues, including clogged drains, water and soil contamination, and the formation of ‘fatbergs’ in sewage systems. Moreover, there’s a missed opportunity to monetize this valuable waste. We aim to address these challenges with a convenient and rewarding system that incentivizes proper disposal.

Mids Capital: Fascinating. How does UCO Network utilize blockchain technology to offer a solution?

Miguel: UCO Network leverages blockchain to ensure transparency and compliance in tracking the journey of used cooking oil. Our ‘Recycle to Earn’ initiative rewards participants with digital tokens for contributing to the collection and disposal of used cooking oil. The platform comprises a collection app, community engagement tools, and future plans for carbon tokenization and a trading hub.

Mids Capital: Community engagement sounds crucial. Could you elaborate on how UCO Network empowers individuals and communities?

Miguel: Certainly. UCO Network empowers individuals to participate in the circular economy by mapping used cooking oil producers, facilitating home collections, and scheduling pickups through the app. Participants earn tokens that can be redeemed for discounts or benefits with partner businesses, fostering sustainable practices and creating economic opportunities.

Mids Capital: Impressive. Tell us more about UCO Network’s plans for carbon tokenization and voluntary carbon markets.

Miguel: We’re developing carbon tokenization tools to quantify the carbon offset achieved through converting used cooking oil into renewable energy. These tools will enable reporting, verification, and access to voluntary carbon markets, allowing companies to generate revenue and expand their sustainability efforts.

Mids Capital: Exciting stuff! What are UCO Network’s future expansion plans?

Miguel: We have ambitious goals, including the release of the B-NRG token, deployment of IoT sensors, launch of a trading hub for used cooking oil, and development of a decentralized data marketplace. By 2026, we aim to transact 1.75 million tons of used cooking oil, offsetting 5 million tons of carbon emissions.

Mids Capital: Thank you, Miguel, for sharing UCO Network’s vision with us. It’s been a truly enlightening discussion.

Miguel: Thank you for having me, and I look forward to the journey ahead.

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