Google's chairman Eric Schmidt has reportedly said that encryption is the key to many of Internet's modern-day problems, including opening up countries with strict censorship laws.
Speaking at the World Economic Forum in Davos, Schmidt said that encrypting everything could end censorships by governments like China's in a decade, which he thought was responsible for 80 to 85 percent of world's industrial espionage.
According to The Verge, the chairman said that use of encryption codes could also help thwart the alleged mass surveillance activities carried out by the governments' intelligence agencies.
Schmidt said that Google was attempting to strengthen its encryption so the world's governments won't be able to penetrate it and obtain private data.
He further said that he saw the eventual relaxation of Chinese censorship over time as the number of people using social media in the country continued to grow.
On the controversial mass surveillance activities carried out by the US' NSA, Schmidt chastised the government saying that 'because you can do this monitoring does not mean you should do this monitoring,' the report added.
