Chinese’s largest messaging app, WeChat, developed by Tencent, suspended a third-party blockchain application, which was initiating contract agreements by app users, reported Cointelegraph on May 9.
On Wednesday, the messaging application launched a program called Xiao Xieyi, which acted as a service to allow its users to develop an exclusive social media ID and contract agreements using the blockchain technology. With this program, users’ identities and the content that is posted would be authentic.
The application gave the possibility for users to encrypt and record agreements for a fee, according to Caijing.
The application expressed,
“Xiao Xieyi has been suspended due to violation of the service. We apologize, the content of the program has been suspended due to the fact that the content is not authorized on the platform.”
Earlier this week, the head of Facebook’s messaging app Messenger, David Marcus was named the leader of the new Facebook blockchain research team that will explore how to use the blockchain technology in order to help Facebook.