Forward Industries, RockawayX back OnRe to build onchain reinsurance on Solana

Forward Industries and RockawayX are partnering with OnRe to develop on-chain reinsurance on Solana, aiming to move insurance risk and capital flows onto blockchain rails and attract institutional participation. This collaboration seeks to leverage blockchain technology for efficient reinsurance processes. The model backed by investors is expected to enhance transparency and security in the industry.