Gary Cohn, Donald Trump’s former top economic adviser is now an adviser to Spring Labs a blockchain start-up that hopes to use distributed ledger technology to overhaul the way banks share credit data.
Closely held Spring Labs wants to use the distributed-ledger technology to allow lenders and data providers to exchange credit and identity information more efficiently, according to a company press release. Spring Labs has offices in Los Angeles and Chicago. “We envision him playing a role around helping us think through for developing something that’s regulatory compliant and that others need to see in order to adapt it,” Adam Jiwan, the co-founder and chief executive officer of Spring Labs, said in an interview.