Shanghai Cooperation Organization Leaders Commit to Strengthening Tech Innovation and Blockchain Cooperation

The official statement from the Shanghai Cooperation Organization Heads of State Council highlights collaboration in cloud computing, big data, and blockchain, alongside efforts to bridge the digital divide and create global digital standards.

Summary

The Shanghai Cooperation Organization Heads of State Council issued an official statement emphasizing strengthened technology innovation cooperation, focusing on joint research and development in cloud computing, big data, and blockchain. The statement also highlighted the commitment to sharing digital economy expertise, enhancing cross-border data flows, bridging the digital divide, and establishing international digital standards.

Terms & Concepts
  • Blockchain: A decentralized digital ledger technology that securely records transactions across a distributed network, often used in cryptocurrency and digital asset management.
  • Cloud Computing: The delivery of computing services—including storage, processing, and networking—over the internet, allowing for on-demand access to computing resources without local infrastructure.