SCO Embraces Blockchain for Digital Economy Cooperation

The Shanghai Cooperation Organization (SCO) is taking a significant step towards bolstering global digital cooperation, as its Council of Heads of State announced collaboration in blockchain technology, cloud computing, and the digital economy at their 25th summit. This landmark initiative marks the SCO’s foray into multilateral digital frameworks, contrasting previous dialogues that primarily focused on bilateral exchanges. The focus on blockchain has the potential to enhance global digital cooperation efforts, though specific financial impacts or cryptocurrency references remain absent from official reports.