Consensys founder: Ethereum is the infrastructure for the restructuring of the modern financial system

Joseph Lubin, founder of Consensys and co-founder of Ethereum, pointed out in a column in the Financial Times that the current financial system is facing structural pressures such as a crisis of trust, high inflation and debt accumulation. He believes that blockchain networks such as Ethereum, similar to the role of HTTP, the internet protocol in the 1990s, can provide a new type of decentralized and programmable infrastructure for the global financial system. Lubin stressed that this is not to replace traditional banks and fiat 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.