Internationally Standardized Efficient Cryptographic Hash Function

We claim that the European research and development community can initiate and sustain a process of designing a secure cryptographic hash function that will be widely accepted by the industry due to its superior performances in software compared to any of the hash functions MD5, SHA-1, SHA-2 or SHA-3. We base our claim on three main arguments: 1. The industry demands very fast cryptographic hash functions due to the increased volume of information that needs to be processed in a secure way. 2. The current trends of increased degree of instructional level parallelism and development of vector extensions of recent CPUs have a potential for being efficiently exploited by new cryptographic hash designs. 3. The list of the SHA-3 finalists does not contain algorithms which are significantly faster than SHA-2.