# Vanguard VS OKQuants

**Published by:** [DAOFlash](https://paragraph.com/@daoflash-2/)
**Published on:** 2022-05-20
**URL:** https://paragraph.com/@daoflash-2/vanguard-vs-okquants

## Content

As soon as you see the title, many people may have questions? Who is OKQuants? How dare it compare with the world's largest fund management company. Founded in 1974 by John Bogle, Vanguard is now the world's largest fund manager with more than $8.1 trillion in assets under management. And who is OKQuants? The editor deliberately checked and found that OKQuants is not simple. Although it was established in 2022, it was born with a golden key. Most of the founders and teams come from the world's top Internet, financial institutions and top districts. Blockchain company, technicians have more than 10 years of development experience and rich experience. It is also the entrance of Web3.0 finance. One is now well-capitalized, but it is declining. Although a newly established, but vigorous. Each has its own pros and cons. In fact, the comparison between OKQuants and Vanguard is actually a comparison between traditional finance and blockchain finance. Vanguard acts as a traditional financial defense, while OKQuants is a blockchain financial party. So what is the difference between traditional finance and blockchain finance, and what are the advantages and disadvantages of each? What are the differences between blockchain finance and traditional finance, mainly decentralization. Traditional finance generally refers to the financial activities of the three traditional businesses of deposit, loan and settlement. If A transfers 1,000 yuan to B, this process requires a third party to participate, usually a banking institution. The banking institution is a third party trusted by both A and B. A does not need to worry that B will default on receiving the money, and B also does not need to worry that A has not made a transfer and said that there is a transfer. Blockchain finance uses the blockchain consensus mechanism to solve the trust problem in the transfer process. It can be directly transferred from A to B without going through a third-party organization. This is the characteristic of blockchain decentralization. Of all industries, the financial industry is the most regulated, and customer identity verification (KYC) is a focus of financial regulation. The current situation is that financial institutions generally have redundancy in information collection in the KYC process, inefficiency and huge compliance costs caused by sluggish information flow. Blockchain-based digital identities can transfer data between organizations across regions, increase efficiency and reduce costs, and traditional financial institutions will also collect customer identity information. Your privacy is exposed, and whether institutions will use your information to sell money, it all depends on the centralized institution of the financial institution, and blockchain finance is different, your data is kept by yourself, only Only through your authorization can it proceed to the next step, and OKQuants uses the original zero-knowledge proof-based identity mirror privacy technology in identity information technology to better protect the privacy of customers. At present, the pain point of traditional finance lies in the high cost of user access and the difficulty of risk control. At present, the "digital finance" realized by using digital technology (such as big data) can only be limited to certain scenarios within an organization's ecosystem. However, the true cross-organizational, cross-country digital financial inclusion structure and cooperation have not yet been realized. The fundamental reason is that data (especially sensitive data related to national security, economy and people's livelihood) across organizations, countries and regions cannot be safely shared through traditional methods. As a "strong security mechanism under an open architecture", the blockchain's digital identity based on its two core modules "basic data unit" and "data chain" can try to connect users covered by digital inclusive finance. Identity information, historical activity records and other identity-related attribute information are securely transferred between institutions and individuals across countries and regions, enabling open and secure sharing of sensitive data As a "strong security mechanism under an open architecture", the digital identity based on its two core modules "basic data unit" and "data chain" can try to convert the user identity information covered by digital finance. , historical activity records, and other identity-related attribute information are securely transferred between institutions and individuals across countries and regions, enabling open and secure sharing of sensitive data The last one is the threshold. The entry threshold of traditional financial institutions is very high, especially for top institutions like Vanguard, the entry threshold is particularly high. And it also requires a high fee for financial advisors, which is very unfriendly to ordinary people, and mostly only serves the middle and upper classes. The entry threshold of blockchain finance is low, especially the entry threshold of OKQuants is only 39 US dollars, which is a real inclusive financial product, designed for the general public. Blockchain technology can free many financial services from the shackles of old-fashioned institutions, nurturing competitors and innovations, which are very beneficial to end users. Even though many people are already connected to the Internet, billions of people are still excluded from the mainstream economy for the simple reason that financial institutions do not provide them with services like banking because they Banks are a class of unprofitable and high-risk customers. Through blockchain technology, these people can not only be connected, but more importantly, they can be included in financial activities, and can carry out activities such as buying, lending and selling, so they also have an opportunity to create a prosperous life. Although OKQuants is still very young, it is precisely because it is "young" that it dares to fight and has the "strength" and "ability" to fight, and Vanguard is like an "old man" who is about to be terminally ill, although his capital Strong, but already very old. Life is like a 100-meter marathon, and OKQuants and Vaguard are the two people on the track. Although Vanguard has already run 90 meters, and OKQuants has just set off, OKQuants is young, energetic, and explosive, while Vanguard is getting old. I can't run anymore, and OKQuants also has accelerators such as blockchain and WEB3. I believe that OKQuants must win in the end.

## Publication Information

- [DAOFlash](https://paragraph.com/@daoflash-2/): Publication homepage
- [All Posts](https://paragraph.com/@daoflash-2/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@daoflash-2): Subscribe to updates