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Gary Cohn, former Goldman Sachs and advisor to the White House, has decided to join Spring Labs. Spring Labs is a blockchain-related company located in Los Angeles. Cohn is now going to be in the board of advisers at the firm. This shows that there are several experts moving from traditional companies to the crypto world. Gary Cohn Joins Spring Labs’ Advisory Board Back in March 2018, Cohn decided to stop working with Trump’s White House. He had different points of view on international politics, economy and other issues. However, he supported the current trade war against China. Now, he has decided to join Spring Labs. This firm is working on different blockchain-based solutions for consumer credit. If they are able to enter the market, the potential earnings are massive. Spring Labs is not an improvised company. Indeed, it already has recognized advisers, including Nigel Morris and Sheila Bair. Mr Morris is the co-founder of Capital One Bank and Mrs Bair is the former head of the Federal Deposit Insurance Corp (FDIC). Cohn commented about the blockchain space: “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.” Cohn has also an undisclosed amount of equity in Spring Labs, according to the Financial Times. Spring Labs was funded back in 2017. The firm was able to raise $15 million dollars in seed funding. Adam Jiwan, the co-founder of Spring Labs, said that they envision Cohen playing a role in helping the company think how to develop regulatory-compliant products. “We don’t have a need to use a coin offering or token offering as a means to raising capital,” commented Jiwan. “We might deploy a digital asset. But at the moment, our focus is on architecting the network and driving adaption.” There are several companies that have started to use blockchain technology. For example, IBM and Walmart have already invested in distributed ledger technology. Banks such as JP Morgan have developed their own blockchain networks. Spring Labs wants to offer solutions to the market by incorporating blockchain as well.