The renowned American investment banker, Gary Cohn will be serving as an advisor to a global blockchain technology startup Spring Labs. Since his resignation from his position Director of National Economic Council along with the chief economic advisor to the US President Donald Trump, joining Spring Labs is considered his most high-profile move. Apart from spending two-thirds of his time playing golf, he also gives his time in making investment in the cryptocurrency world.
According to the chief executive officer and co-founder of Spring Labs, Adam Jiwan, the company expects him to play a role around assisting the brand to develop something that is regulatory compliant. Presently, the fintech company sees more potential considering the fact that the blockchain will add solving any type of problem. While working in the White House (who was once one of the wealthiest members of the Trump administration), the 58-year old former president and chief operating officer of Goldman Sachs already had interest in blockchain technology for a number of years.
Before there was any hint of Cohn’s joining the globally acclaimed blockchain company Spring Labs, he predicted in May this year that the world would have a global cryptocurrency at some point. He also speculated that the digital coin of the future would be simpler than Bitcoin. He also made a clear statement saying that he is not a big believer of Bitcoin and he is a believer in blockchain technology.
“I have been very interested in blockchain technology for a number of years, and Spring Labs is developing a network that could have profound implications for the financial services sector, among others,” one of the most influential voices in the Trump administration, Cohn said, as reported by CCN.
The advisory board of global blockchain organization incudes Transunion Corp’s ex-chief executive Bobby Mehta, chief legal officer pf cryptocurrency exchange Coinbase Inc., co-founder and former president of Capital One Nigel Morris, and former chair of the US Federal Deposit Insurance Corporation, Sheila Bair, Bloomberg noted.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]