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The popular messenger in China WeChat has frozen a third-party blockchain application. It was supposed to open up access to new technology for the general public..
A mini-program called Xiao Xieyi (which means «mini protocol») was launched on Wednesday and touted as a service that will allow WeChat users to enter into contracts. This was reported by the Chinese news portal Caijing.
Once everyone has reached an agreement, the tool developed by Beijing-based blockchain platform Niuco Box is supposed to encrypt and register blockchain-based agreements for a fee. Funds collected in this way should go to miners writing transactions on the network supporting the application..
This innovation can be called one of the first steps of Chinese blockchain developers towards making the technology available to a wide range of social network participants. In March 2018, Tencent CEO Pony Ma reported that WeChat has 1 billion monthly active users worldwide..
But the program was suspended by WeChat. If you request information on this program in a search engine, you will be taken to a page where you can find an explanation that the program violates the platform rules, but there is no information about any specific violations.
According to official data, the mini-protocol was suspended due to the fact that the type of services it provides has not yet been authorized by the platform.. WeChat hasn’t given any comments on this at the moment..
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text: Marina Shmatkova, photo: Shutterstock