Gary Cohn joins blockchain startup

Gary Cohn, former economic adviser to President Trump and Goldman Sachs president, has joined the advisory board of Spring Labs, a startup developing blockchain tech to help lenders and other companies verify customer identity, he told the Financial Times.

Why it matters: Cohn is not the first Wall Street executive to be interested in this new area of digital currencies, nor the first to focus his enthusiasm on the underlying technology rather than the cryptocurrencies themselves.