Societal Impact
Beyond the toxicity risks to human health and the environment which are associated with first-generation nanomaterials, nanotechnology has broader societal impact and poses broader social challenges. Social scientists have suggested that nanotechnology's social issues should be understood and assessed not simply as "downstream" risks or impacts. Rather, the challenges should be factored into "upstream" research and decision making in order to ensure technology development that meets social objectives
Many social scientists and organizations in civil society suggest that technology assessment and governance should also involve public participation
Societal risks from the use of nanotechnology have also been raised. On the instrumental level, these include the possibility of military applications of nanotechnology (for instance, as in implants and other means for soldier enhancement like those being developed at the Institute for Soldier Nanotechnologies at MIT ) as well as enhanced surveillance capabilities through nano-sensors.
The last few years has seen a gold rush to claim patents at the nanoscale. Over 800 nano-related patents were granted in 2003, and the numbers are increasing year to year. Corporations are already taking out broad-ranging patents on nanoscale discoveries and inventions. For example, two corporations, NEC and IBM, hold the basic patents on carbon nanotubes, one of the current cornerstones of nanotechnology. Carbon nanotubes have a wide range of uses, and look set to become crucial to several industries from electronics and computers, to strengthened materials to drug delivery and diagnostics. Carbon nanotubes are poised to become a major traded commodity with the potential to replace major conventional raw materials. However, as their use expands, anyone seeking to (legally) manufacture or sell carbon nanotubes, no matter what the application, must first buy a license from NEC or IBM.
Read more about this topic: Impact Of Nanotechnology
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