Nanotechnology industry is based on the R&D, design and manufacture of extremely small electronic circuits and mechanical devices built at the molecular level of matter.
Nanotechnology industry offers greatly improved efficiency in almost every facet of life.
Nanotechnology industry, as a general-purpose technology, will be dual-use, meaning it will have many commercial uses and it also will have many military uses - making far more powerful weapons and tools of surveillance.
Thus, nanotechnology industry represents not only wonderful benefits for humanity, but also grave risks.
Nanotechnology industry is expected to shake up just about every business on the planet. Clothing, food, cars, housing, medicine, the devices we use to communicate and recreate, the quality of the air we breathe, and the water we drink - all are about to undergo profound and fundamental change.
Nanotechnology industry, as a result, will influence the socio and economic structure of the world.
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