LOS ANGELES, Oct. 12, 2018 /PRNewswire/ -- Spring Labs, which is developing the Spring Network, a protocol designed to transform how information and data are shared globally, announces today that Gary Cohn, former chief economic advisor to the President of the United States and former President and Chief Operating Officer of Goldman Sachs, has joined the Spring Labs Board of Advisors. This announcement follows the recent news of Spring Labs securing one of the largest seed rounds for a blockchain project, and the finalization of its founding advisory board, comprising industry leaders such as Bobby Mehta, Former CEO of Transunion, and Brian Brooks, Chief Legal Officer at Coinbase.
Cohn most recently served as Director of the U.S. National Economic Council. As the chief economic advisor to the President of the United States, he managed the President's global and domestic economic policy agenda and led the Administration's efforts to grow the U.S. economy through historic tax and regulatory reform. Cohn previously served as President and Chief Operating Officer of Goldman Sachs, where he worked for more than 25 years and held a variety of leadership positions in the firm's Securities Division, including Global Co-Head of the Equities and Fixed Income, Currency and Commodities Divisions.
"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," said Cohn. "I am excited to actively support the Spring Labs team in the development of this important business and network."
Spring Labs was founded by members of the founding team and board of Avant, a lending platform and technology company that has served over 600,000 customers and originated over $5 billion of loans on its platform. Avant, through its SaaS business Amount, helps large financial institutions digitize their credit offerings and manage their fraud and risk exposure with products like AmountVerify. Spring Labs partners with Amount to offer both companies' technologies for the benefit of big banks.
"Gary brings a wealth of experience in understanding the complexities of the global financial markets and an unparalleled network. We're beyond excited to work with him to execute on our vision to transform how information and data are shared globally across a host of major industries," said Adam Jiwan, Chairman and CEO of Spring Labs. "We're also looking forward to making some public announcements regarding the development of the network and partnerships in the coming months."
About Spring Labs Spring Labs (Springcoin Inc.) is a technology company building the Spring Protocol, a blockchain-based network that enables network participants to exchange valuable information without sharing underlying source data. The initial use case for the Spring Protocol will facilitate the exchange of identity, fraud, and risk/underwriting information among financial institutions to create a more efficient, transparent, and secure ecosystem for consumer financial data than the one that exists today. Spring Labs was founded in 2017 and has offices in Chicago & Los Angeles. To learn more, visit SpringLabs.com.