The impact of Nanotechnology in modern society

In modern society, the person are more in pursuit of the lifestyle, which is not only comfortable and convent, but also reliability, durability and low production/cost. In my opinion, the Nanotechnology is one of the important technologies, which can impact the modern society in the next ten or twenty years. According to Nick Jones---a vice president, the Nanotechnologies they've identified will evolve quickly and will likely pose issues that will have to be addressed by short term strategies.

What is “Nano”？

Nanotechnology is one modern technologies, which can increase recovery, reduce unit costs, increase export and competence development.
According to the definition of Tim HarperThe:” 'N' word seems to be in fashion at the moment, and we're not afraid to highlight misuses in TNT Weekly. Some of the marketing guys have already realized that a 'pico' is smaller than a 'nano', and it won't be long before we hear more about femto. But I'd bet that very few of them are registered to anyone connected with nanotechnology.” [1]

Revolutionary Nanotech Products

Within the nanotechnology, it might be possible to create a liquid paint that once it dries could function as a display screen. The paint might either be subsequently plugged in to receive signals and energy, or simply be solar powered and receive wireless signals. Of course, it needn't emit light as our current display screens do. It would be enough just to have pixels that could change color. Might nanotechnology economically produce such a paint?

Furthermore, Nanotechnology will be bound by the same rules of economics as most other companies, selling various things to other people for a profit. The experience in the Field Emission Display market has shown the difficulties of taking a great idea to market, ten years of development have yet to yield a product that can be sold at a reasonable price.

If I am a investor, I would be very wary of anyone proposing a paint that functions as a screen, is self powered, communicates with other screens, tap dances and a whole host of other things. For each of those applications, you have a different set of problems, of lifetime, of stability, of interfacing, of driving the thing & so on.

Possibilities of Nanotechnology

There has been identified many possibilities of Nanotechnology in the petroleum industry, such as lightweight but stronger materials, improved temperature and pressure sensors, nanodust applications to provide data reservoir characterization, fluid-flow monitoring, and fluid-type recognition.

At China’s Shandong University nanotechnology their specialised petroleum laboratory, has developed an advanced fluid mixed with nano-sized particles which significantly improves drilling speed and this blend eliminates damage to the reservoir rock in the well, making it possible to extract more oil.

GP Nano Technology Group Ltd in Hong Kong developed nano sized silicon carbide ceramic powder which yields exceptionally hard materials. Nanocrystaline substances can contribute to harder, more wear-resistant and durable drilling equipment [2]

Conclusion

Over the next ten or twenty years, this sort of technology---Nanotechnology, is expected to become more commonplace, The technology will be backwards compatible, allowing old devices to communicate with new ones, so there's no reason for it not take off in the upcoming years. Further in the future Nano Technology will be the defining value creation areas.

Reference:
1. Tim Harper(July 4, 2001), NanoWorld.net, From world wide website: http://www.nanoword.net/library/weekly/aa070401a.htm
2. Halliburton, Aker Kvaerner, Technology Strategy for Integrated Operations and Real Time Reservoir Management, from the World Wide Website: http://www.og21.org/filestore/TTA/TTA/TTA5_IntergratedoperationsandRTRMversion24062008.doc