Failed to create the configuration database in SharePoint 2010 Configuration Wizard

When I was trying to run the configuration wizard in SharePoint 2010, I got a error message saying

"Failed to create the configuration database

An exception of type System.InvalidOperationException was thrown. Additional exception information: This implementation is not part of the windows platform FIPS validated cryptographic algorithms"

The reason is in the system registry FIPS is enabled.

In the registry there are three keys which are related to FIPS.

1. HKLM\SYSTEM\ControlSet001\Control\LSA\FipsAlgorithm

2. HKLM\SYSTEM\ControlSet002\Control\LSA\FipsAlgorithm

3. HKLM\SYSTEM\CurrentControlSet\Control\LSA\FipsAlgorithm

Set the value for all the keys as "0" to disable FIPS.

Then re-run the configuring wizard after deleting the created tables related to SharePoint in the SQL Server Database.

It works for me and configuration was completed successfully.