The mini-program, called Xiao Xieyi (or Mini Protocol in a literal translation), was launched on May 9, 2018 and it was described as a service that would allow users on WeChat to initiate contractual agreements, CoinDesk cited the Chinese business news outlet Caijing. However, the app, which is owned by Tencent, suspended the program within a day.
The protocol was developed by Niuco Box, a Beijing-based blockchain-as-a-service platform, and upon reaching consensus, it would encrypt and record agreements on a blockchain for a fee. The funds raised through the app would pay miners who write transactions onto the network underpinning the application.
However, the program has been suspended by WeChat, CoinDesk continues, and a search of its name leads to a page which explains the program has violated rules on the platform, though the exact violation remains unknown. WeChat could not be reached for comment as of press time, the online publication continues.
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