Cybersecurity for FinTech on Renewable Energy from ACD Countries

Abstract

The function of financial technology (or “FinTech” or “FT”) in influencing the intake of Renewable Energy (REY) across the Asian Cooperation Dialogue (ACD) locations is underlined in this study. Reducing carbon dioxide emissions, increasing power safety concerns, and the volatility of oil filling are all driving forces behind REY growth. FT influences cybersecurity regarding consumer decisions, savings, and funding. Therefore in the digital 4.0 era, the renewable energy program carries cyber security is needed to protect systems and networks. Cryptocurrencies like NRGcoin, blockchain-based REY certifications like Origin from the Energy Web Foundation, and crowdsourcing for REY assignments are just a few examples. The purpose of this study was to measure the effect of FT on the use of REY. He did so by reading a balanced panel of 7 ACD countries from 2007 to 2020. The fixed yield estimator using the Driscoll-Kraay fashionable error was used to estimate the empirical model. Records show that increased use of FT and REY has a very favorable relationship. These findings provide a platform for governments and policymakers to nurture and inspire you to use FT to improve your green energy sector.