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Former Trump adviser comes out of hiding to help blockchain superstart-up

The former White House financial advisor, Gary Cohn, has simply began a brand new profession in blockchain.

Announced in a press launch on Friday, the ex-Goldman Sachs president is to advise fintech startup Spring Labswho build blockchain-focused solutions for securing and sharing consumer credit data.

Cohn has apparently been interested in blockchain tech since before his time under Trump, commenting he had looked into its potential while serving in the White House.

“We all know all the inefficiencies of the existing currency world and blockchain clearly helps to eliminate them at some point in the future,” Cohn told the Financial Times.

Spring Labs was launched in 2017 by the founders of US shopper loans agency Avant, and shortly raised $15 million in seed funding to construct a blockchain-based system that will securely anonymize shopper credit score knowledge.

Cohn famously resigned from his position within the White House after protesting Trumps plan to introduce steep tariffs on metal and aluminium imports.

Before you totally activate bull mode with information of an influential determine like Cohn getting all hepped up on ‘hopium,’ he did inform reporters he wasn’t all that eager on “individual cryptocurrencies like Bitcoin,” and that he was largely into common blockchain tech like sensible contracts.

Oh properly, cheers to you, Mr. Cohn. I guess it doesn’t matter what occurs, this job will likely be so a lot better than your final one.

Craving extra blockchain? Join us at Hard Fork Decentralized, our three-day occasion in London. We’ll discuss the industry’s future together. You can now register on our website!

Published October 12, 2018 — 15:19 UTC

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