White Paper: Quantum Resilient Upgrade for ASCON (and AES) with Novel RDH Wrapper Designed for FinTech and IoT
Chad Wanless, Dave Palachik
With the looming quantum computer threat, the National Institute of Science and Technology (NIST) has done an exhaustive search for both quantum resilient encryption, creating new asymmetric algorithms and a separate “lightweight cryptography” suitable for small IoT electronics, selecting ASCON. However, NIST admits that ASCON is only quasi-quantum resilient. AES has also been independently declared quantum resilient. Unfortunately, the four selected quantum resilient asymmetric algorithms and AES are far too computationally heavy for FinTech smart cards’ use. The proposed Randomization Data Handshake (RDH) has been designed to wrap around both ASCON (and AES) allowing each to create and exchange instructions to build their own non-transmitted quantum resilient session keys using 100% randomized data, while simultaneously authenticating both sender and receiver. Furthermore, credit cards, debit cards, PINs, passwords and session keys are never transmitted. In a way, RDH emulates the quantum entanglement’s ability to exchange data (keys) without sending the data.
The Journal of FinTech•Sep 1, 2023•0 citations