Nanotechnology or in short "Nanotech" maybe the next wave that will spur the economic growth and push up the stock market. It may be the impetus for the next bull-run just like every period of technology advancement did for past few decades or so. For example, the period of invention and production of electricity followed by the industrialization and mass production of goods. The recent tech cycle which we are still in, is the information technology cycle which covers telecommunication, computer, World Wide Web, internet and the dot com era which bring communication and sharing of information to an advance level that we yet seen before.
So what is Nanotech about?
The basic of definition of Nanotech is the engineering of functional systems at the molecular scale. It deals with structures sized between 1 to 100 nanometers in at least one dimension, and involves developing materials or devices within that size.
What can Nanotechnology do or use for?
Most of the application of nanotechnology involves electronic product, however, there is no limit of what nanotechnology can do. Some of the nanotechnology application includes sensors, biomedical devices, medicine, materials science, agriculture, power generation and much more. It is going to have a significant impact on almost every industries and every level of society in the world which makes the invention and development of nanotechnology so exciting.
Nanotechnology involves a very small and minutes atomic and molecular particles that cannot be seen by the naked eye.Like the nanotech which is minuscule and yet it can do things larger than life that we cannot ever imagine.
However, nanotech is still subject to further development and changes of the nanotechnology itself and the industries involve and materials use to make it.
In term of health, nanotechnology helps enhancing the progress of medical advancements and inventions which offers a better medical treatment. In the future it may help to eliminate or reduce those incurable diseases like cancer, leukemia, heart disease and HIV/AIDS. With the increase in living standard and better health treatment by nanotechnology, it is likely to drive the life expectancy to higher level from the current world average age of 69.
For example, stem cell is already used to treat heart disease and cancer at the moment. With the combine technology of nano, it may revolutionise the used of stem cell in curing heart disease and cancer treatment. It also may reduce the cost of medication further, thus, making it affordable to the masses.
All the above is still debatable at the moment and depends very much of future development of nanotech. Who knows what the future will hold? However, we know for the fact that things will change indefinitely.
