NIST hash function competition started in 2007 with "Announcing Request for Candidate Algorithm Nominations for a New Cryptographic Hash Algorithm (SHA–3) Family":
AGENCY: National Institute of Standards and Technology, Commerce.
ACTION: Notice and request for nominations for candidate hash algorithms.
SUMMARY: This notice solicits nominations from any interested party for candidate algorithms to be considered for SHA–3, and specifies how to submit a nomination package. It presents the nomination requirements and the minimum acceptability requirements of a "complete and proper" candidate algorithm submission. The evaluation criteria that will be used to appraise the candidate algorithms are also described.
a quest for a new hashing algorithm, less prone to collisions (with respects to MD4/MD5 and SHA-0/SHA-1), even though SHA-2 still resists to this kind of attack.
64 entries received by October 31st 2008, 51 went through to the first round and 14 to the second round in 2009.
Five finalists BLAKE, Grøstl, JH, Keccak, and Skein advanced to the third and final round and the final package was submitted last year in January (2011).
Now, a final SHA-3 Candidate Conference is scheduled for 22-23 March 2012 and will be hel at the Washington Marriott Hotel in Washington DC, where the algorithms will be discussed and public invited to provide further fedback before a winner is selected this year.