International Association
for Cryptologic Research

This paper conducts a comprehensive benchmarking analysis of the performance of two innovative cryptographic schemes: Homomorphic Polynomial Public Key (HPPK)-Key Encapsulation Mechanism (KEM) and Digital Signature (DS), recently proposed by Kuang et al. These schemes represent a departure from traditional cryptographic paradigms, with HPPK leveraging the security of homomorphic symmetric encryption across two hidden rings without reliance on NP-hard problems. HPPK can be viewed as a specialized variant of Multivariate Public Key Cryptography (MPKC), intricately associated with two vector spaces: the polynomial vector space for the secret exchange and the multivariate vector space for randomized encapsulation.

The unique integration of asymmetric, symmetric, and homomorphic cryptography within HPPK necessitates a careful examination of its performance metrics. This study focuses on the thorough benchmarking of HPPK KEM and DS across key cryptographic operations, encompassing key generation, encapsulation, decapsulation, signing, and verification. The results highlight the exceptional efficiency of HPPK, characterized by compact key sizes, cipher sizes, and signature sizes. The use of symmetric encryption in HPPK enhances its overall performance. Key findings underscore the outstanding performance of HPPK KEM and DS across various security levels, emphasizing their superiority in crucial cryptographic operations. This research positions HPPK as a promising and competitive solution for post-quantum cryptographic applications in a wide range of applications, including blockchain, digital currency, and Internet of Things (IoT) devices.