[damarquis]

The author's argument is that the probability of impact on ECC of this line of research is less than probability of an impact on factoring. Post-quantum cryptography has to avoid ECC since the elliptic curve discrete log problem is easily solved by quantum computers.

Regarding the possible solutions other than ECC: There are no hash-based encryption schemes, only hash based signatures. I believe there is little faith in any multivariate scheme to remain secure under serious scrutiny. Many such schemes have been broken. The outlook on lattice cryptography, and some coding theory based schemes is slightly more positive. Apparently ECC has received much more attention and study than either of these.