UDDI is a platform-independent framework for describing services, discovering businesses, and integrating business services by using the Internet.

UDDI stands for Universal Discription Discovery and Integration.
UDDI is a directory for storing information about webservices.

Answer:
UDDI Stands fot Universal Description Discovery and Integration. It helps in registering the services provided by the service providers so that they can be shared. It also helps the service consumers or web users in locating the web services.