In this paper, we propose a suitable multiplication architecture for cellular automata in a finite field $GF(2^m)$. Proposed least significant bit first multiplier is based on irreducible all one Polynomial, and has a latency of (m+1) and a critical path of $ 1-D_{AND}＋1-D{XOR}$.Specially it is efficient for implementing VLSI architecture and has potential for use as a basic architecture for division, exponentiation and inverses since it is a parallel structure with regularity and modularity. Moreover our architecture can be used as a basic architecture for well-known public-key information service in $GF(2^m)$ such as Diffie-Hellman key exchange protocol, Digital Signature Algorithm and ElGamal cryptosystem.