Partnership UnoRe — Autobahn for Insurance Products

Tixl Organization
Jul 28 · 3 min read

Decentralized Finance has shown tremendous growth — at least among crypto users. Decentralized Insurance will be next — a still smaller, but increasingly important area. We are thrilled to announce our partnership with Uno.Reinsure!

Both teams will work closely together to push (Re-)Insurance with an interoperability focus.

If you haven’t done so yet, join the Tixl journey here: Telegram Announcement Channel, Telegram Group, and Twitter.

What is Uno Re?

Uno Re, the world’s first decentralized reinsurance platform powered by Polkadot, allowing 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. The platform will break barriers to entry for the retail investor by doing away with the historic pre-requisite of absurdly high capital generally needed to invest into the market while also introducing much-needed transparency into the industry as a whole. UnoRe will also allow the community to propose innovative insurance products to the space, thus propelling a new generation of Insurtech companies powered by the UnoRe ecosystem.

Uno Re x Tixl

Use of Tixl’s Cross-Chain Bridge

We already announced that UnoRe and its UNO token will get whitelisted in Tixl’s Cross-Chain Bridge. Tixl helped and helps UnoRe to go interoperable, in a first step opening up the world of Binance Smart Chain (and soon more networks) for UnoRe.

Insurance in Tixl’s Cross-Chain Bridge or other Tixl products

For a future version of the Tixl Cross-Chain Bridge or other Tixl products, it might be beneficial to offer bridge users the option to get an insurance — both for the bridging transaction or liquidity provisioning.

UnoRe Insurance Products on Tixl’s Autobahn Network

Building the Uno Re Ecosystem, UnoRe concluded that Tixl’s Autobahn Network, once the Smart Contracts are ready, could be an ideal platform to be added to Uno Re’s existing infrastructure.

Independent on what is being insured, interoperability will be key as different insurance products might favor different blockchains — and both teams know and believe that there won’t be just one blockchain in the future. Being not only a layer 1, but also a layer 2 for all connected networks, Tixl’s Autobahn Network is ideal to get to the desired interoperability.

In addition, any tokenized insurance wants to be transferred instantly and without substantial fees — two other characteristics of Tixl’s Autobahn Network.

Other Areas of Partnership

We are perfectly positioned to share knowledge, networks, and anything else we may need to help both projects achieve their goals.

Sujith Sizon, Co-Founder of UnoRe, concluded:

Christian Eichinger, Co-Founder of Tixl, commented:

We are looking forward to working closely with UnoRe with all benefits it will bring for both projects.

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Tixl

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Tixl

Connecting all blockchains in a high-performance layer 1 network that simultaneously is a scaling solution for all others. $TXL.📍 Germany. Telegram: t.me/tixlorg

Tixl Organization

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Connecting all blockchains in a high-performance layer 1 network that simultaneously is a scaling solution for all others. $TXL. 📍 Germany.

Tixl

Connecting all blockchains in a high-performance layer 1 network that simultaneously is a scaling solution for all others. $TXL.📍 Germany. Telegram: t.me/tixlorg