A system and method for implementing security of multi-party communication is disclosed in the disclosure. The system mainly includes a group key management unit and a record protocol unit. The method mainly includes when the system runs in the centralized group key management mode, the Group Controller and Key Server (GCKS) establishes and stores a Group Security Association, the GCKS negotiates with the group members to establish an Initiation Security Association, under the protection of the Initiation Security Association, the group members obtain the Group Security Association from GCKS. When the system runs in the distributed group key management mode, a Group Security Association is established by all the group members together at the beginning of the group communication. The system runs in the application process space and can provide an application program (or application protocol) with the function of the group key management and data security of the multi-party communication in the form of the standard Application Programming Interface (API).