On September 1, 2025, the heads of state of the Shanghai Cooperation Organization (SCO) gathered in Tianjin to discuss blockchain, cloud computing, and the digital economy.
Key Points of the SCO Summit
At the summit, leaders including Chinese President Xi Jinping and Russian President Vladimir Putin emphasized technological security and cooperation. They did not provide specifics on direct funding but reaffirmed their commitment to technology-led growth.
Technological Partnerships and Standards
This gathering marked one of the first instances where blockchain and joint standardization were explicitly prioritized, which may gradually influence long-term collaborative projects among member states.
Expert Reactions and the Crypto Market
Experts noted that no significant cryptocurrency price movements were observed at the time of the agreement. This suggests a need for a more structured approach to technology that could potentially benefit firms involved in blockchain and international data exchange.
The SCO Summit 2025 highlighted the growing importance of blockchain and the digital economy for member states, but its impact on the cryptocurrency market remains unclear.
