Uno Re Joins Berry Club
We are excited to announce that Uno Re has joined Berry Club, which is a dedicated business alliance for Berry Data’s partners who are from different blockchain fields and meet certain requirements. In addition, Berry Data and Uno Re will collaborate on technical aspect. Along with Uno Re, Berry Club will cover more blockchain fields and to serve with more users and projects.
About Uno Re
Reinsurance is also known as insurance for insurance companies.
Reinsurance is the practice whereby insurers transfer portions of their risk portfolios to other parties to reduce the likelihood of having to pay a large obligation resulting from an insurance claim.
The option to trade in this highly profitable market is currently controlled by a few large corporations — Uno Re will be a first-of-its-kind platform, allowing the average user to reap the rewards of trading and investing in this risk.
About Berry Data
Berry Data is a transparent community-veriﬁed price oracle on BSC (Binance Smart Chain). Berry Data provides a trustless and decentralized alternative for off-chain data. Also, it provides the infrastructure for decentralized applications to query off-chain data by properly incentivizing miners to provide data.
Berry Data is an oracle system where parties can request the value of an off-chain data point and miners compete to add this value to an on-chain data bank, accessible by all dApps on Binance Smart Chain (BSC). The inputs to this data bank are secured by a network of staked miners. BERRY utilizes crypto-economic incentive mechanisms, rewarding honest data submissions by miners and punishing bad actors, through the issuance of Berry’s governance token, BRY, and a dispute mechanism.