This unprecedented relationship, the subject of a Memorandum of Understanding signed January 31st, between a US company and an agency of the Central government in Beijing marks a significant step in the globalization of electronic commerce. The symposium was widely attended by Chinese government officials, crypto researchers, and members of the business community. The flow of commerce in China is rapidly becoming computerized. While the efforts of the Clinton administration to develop a National Information Infrastructure, or NII, represent a noble ambition, it is clear that global electronic commerce is the future.
Commerce is international, and the internet knows no borders.
The relationship with LOIS has three parts. Second, LOIS will develop, in China, a new cryptographic implementation for RSA for use around the world. Inc. RSA Data Security, Inc. is the world's brand name for cryptography, with more than 15 million copies of RSA encryption and authentication technologies installed and in use worldwide.