IoT devices in the fields of smart cities, healthcare, and smart homes are anticipated to run for extended periods of time without interruptions while processing and transferring sensitive information, necessitating the need to secure the security of these devices. The current state of the art offers Public Key Cryptography-based Solutions and Symmetric Cryptography-based Solutions as the two primary cryptographic algorithms for IoT and wireless applications. These systems do, however, have certain drawbacks, such as the potential for collusion amongst public key signing servers. Researchers at the University of South Florida have developed a new series of FASP schemes that offer partial homomorphism, pre-computability, and batch processing capabilities while also being significantly more computationally efficient than their counterparts, which offers a significant advancement in cryptographic schemes. This system is known as "graphene" because of its low weight and durability. The authenticated encryption algorithms used to develop this FASP system are far more effective than their existing equivalents. Additionally, it makes use of Universal-algebraic MAC's properties to create FASP that may be aggregated, providing partial homomorphism and efficient finite field arithmetic operations for compact messages.