- Main event, leadership changes, market impact, financial shifts, or expert insights.
- SCO prioritizes blockchain innovation, data exchange, digital standards.
- China, Russia support tech security and cross-border cooperation.
The Shanghai Cooperation Organization’s Heads of State met in Tianjin on September 1, 2025, to announce enhanced cooperation in cloud computing, big data, blockchain, and the digital economy..
Experts anticipate the initiative will foster long-term R&D and align international standards, although immediate financial impacts on the crypto market remain undetected.
SCO Summit 2025: Blockchain and Digital Economy Focus
Leaders from member states, including Chinese President Xi Jinping and Russian President Vladimir Putin, prioritized technological security and cooperation. Neither detailed direct funding but reiterated the commitment to technology-led growth. Their speeches, accessible on official government sites, lacked specific mentions of cryptocurrencies such as Bitcoin or Ethereum.
Xi Jinping, President of China, stated, “Carry forward the Shanghai Spirit in a world fraught with challenges and changes, and better tap into the organization’s potential” (source).
Technological Partnerships Set to Influence Global Standards
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In prior years, SCO summits have highlighted digital cooperation, but this gathering marks one of the first to explicitly prioritize blockchain and the establishment of joint standards. This approach may gradually influence long-term collaborative projects among member states.
The emphasis on technological collaboration within the SCO reflects a broader historical pattern of digital partnerships in international forums. Past SCO meetings have leaned towards long-term research and development partners rather than immediate financial market effects.
Expert reactions remain muted as no clear cryptocurrency asset price movements or substantial market reactions have been observed following the SCO statement. The agreement paves the way for more structured technology alignments, possibly benefiting firms involved in cross-border and permissioned blockchain technologies. The approach is to develop international data frameworks rather than initiating immediate implementation of protocols.
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Source: https://coincu.com/news/sco-enhances-blockchain-cooperation/