RSA Algorithm for Secured Transations

 

Prof. Adi Shamir, together with two colleagues from the United States, developed an algorithm (now called RSA, for the last initials of its inventors) that allowed for the delivery of encrypted codes and their decryption (by public key) between parties that had not previously been in contact.

 

 

The RSA algorithm is used worldwide to secure Internet, banking and credit card transactions. An additional algorithm developed by Prof. Shamir and colleagues led to the development of the smart cards used in TV satellite receivers to ensure that only subscribers receive broadcasts.