PANews reported on October 17 that at the "10th Blockchain Global Summit" hosted by Wanxiang Blockchain Lab, Xiao Feng, chairman of Wanxiang Blockchain, said that 2024 will be the "1995 moment" when blockchain enters the Internet, and all large Internet platforms will basically be born since 1995; standing in 2024, a new financial system will be built in the next ten years; in 2025, the financial system based on bank accounts and encrypted accounts will be interconnected.