We, at Raze Network, are so glad to partner with UnoRe.
UnoRe will be the world’s first decentralized reinsurance platform powered by Polkadot, which will allow the community to invest and trade in ‘risk’ and receive sizable returns on their investments in one of the safest asset classes in the world. Besides, it will also allow the community to propose innovative insurance products to space, thus propelling a new generation of Insurtech companies powered by the UnoRe ecosystem.
We know reinsurance occurs when multiple insurance companies share and spread risk by purchasing insurance policies from other insurers.
However, it is hard for retail investors to engage in this market. In talks with Unore, we learn this platform aims to break the entry barriers for the retail investor by doing away with the historic absurdly high capital whilst also introducing much-needed transparency into the industry as a whole.
Risk Trading in the insurance postulates great data handling and settlement capabilities. Trader information, trading history, concurrent transaction data, and various assets and financial instruments are very important and worth protecting. The UnoRe Platform, built on Polkadot & Web 3.0, can take advantage of the privacy protocol Raze Network builds to offer additional data protection to its insurance traders.
Since both of our projects are built in the same ecosystem, there are great synergies for us to work on, from Polkadot/Substrate integration to creating Raze Insurance Products.
UnoRe will be the world’s first reinsurance trading platform powered by Polkadot. We will allow the community to invest and achieve sizable returns from one of the safest asset classes in the world. The platform will remove barriers to entry for investors with regards to capital and regulations, while also encouraging the people to take part in the process of insurance and reinsurance. UnoRe will allow the community to design innovative insurance products thus propelling a new generation of Insuretech based companies on the UnoRe ecosystem.
About Raze Network
Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module. It will then be imported as a substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.