In summary, UDDI is all about sharing business information, making it easier to publish your preferred means of doing business, find trading partners and have them find you, and interoperate with these trading partners over the Internet. By automating these processes:
Businesses will have a means to describe their services and business processes in a global, open environment on the Internet thus extending their reach.
Potential trading partners will quickly and dynamically discover and interact with each other on the Internet via their preferred applications thus reducing time to market.
The barriers to rapid participation in the global Internet economy will be removed for any business anywhere thus allowing them to fully participate in the new digital economy.