PANews reported on May 29 that Joseph Lubin, founder of Consensys and co-founder of Ethereum, published a column in the Financial Times, pointing out that the current financial system is facing structural pressures such as a crisis of trust, high inflation and accumulated debt. He believes that blockchain networks such as Ethereum are similar to the role of the Internet protocol HTTP in the 1990s, and can provide a decentralized and programmable new infrastructure for the global financial system. Lubin emphasized that this is not to replace traditional banks and legal currencies, but to build an open financial architecture that coexists and interoperates with the existing system, which has been adopted by institutions such as BlackRock and JPMorgan Chase.