Former National Economic Council Director and Goldman Sachs executive Gary Cohn will advise a startup focused on using blockchain software for consumer financial data.

Spring Labs, a Chicago- and Los Angeles-based startup founded last year, announced that Cohn joined its board of advisers Friday.

“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 said in a release. "I am excited to actively support the Spring Labs team in the development of this important business and network."

As national economic council director, Cohn oversaw a rewrite of the U.S. tax code while also advising President Trump on trade, infrastructure, and financial regulation. Prior to joining the Trump administration, Cohn held the president and chief operating officer positions at Goldman Sachs.

Executives and board members of the online consumer lending firm Avant founded Spring Labs last year to apply software at the core of cryptocurrencies to consumer financial records in an effort to compete with private credit bureaus such as TransUnion, Equifax, and Experian.

Cohn joins a board containing several people familiar to the financial services policy world. Brian Brooks, the recently departed general counsel for Fannie Mae who now serves as the chief legal officer for cryptocurrency exchange Coinbase, serves as an adviser to the company, as do Raj Date, the Consumer Financial Protection Bureau’s first deputy director, and Sheila Bair, former chair of the Federal Deposit Insurance Corp.