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Nano-technology manipulates matter at the molecular and atomic level to gain rapid traction. The atomic level of one-billionth of a US meter is nano. Several firms are investing in the area to promote research and find new ways to promote its utility.
The US invested up to $3.7 billion through the National Nanotechnology Initiative, and the EU invested $1.2 billion. Initially, it was first researched in 1959 by scientist Richard Feynman and was studied to develop unexpected ways to use in the fields like agriculture, chemistry, science, biology and others.
In the area of medical and healthcare, the advancement in drug utility, where the minute structure of the atoms can be used for the transportation of drug to body cells, has been developed.
The technology provides alternative mechanisms to give treatment for several different types of medical problems.
The nanocomposite is the multiple phase material where particles of one, two and three dimensions repeat distance between different phases to create the material.
The technique of measuring painkillers in the biological samples will provide ways to tell exactly how much the compound is found in the body, especially, in the conditions of detection of narcotics or, by law.
The magnetic extraction technique based on nano can be used to measure the levels of morphine and codeine in biological samples, which has been adopted by the Iran Nanotechnology Innovation Council to precisely measure the level of such chemicals.
A firm like Nanco is focusing on developing image-guided surgery for the early detection and diagnosis of skin and pancreatic cancer.
The firm specializes in the development and large scale production of semiconductor NPs and heavy metal-free quantum dots, which can be used to display and get bioimaging.
In electronics, it can be used to discover harmed cell where the NPs, hydrogels and DNA can assemble to hit the harmed cells in the human body.
The size of transistors can be reduced in circuits as it provides ways to reduce the weight of devices and give a powerful working experience. Some of the new memory chips can be made by using it.
It can be used to make lightweight space crafts and space elevators, which can be sent to the earth’s orbit and further enhancement can help to use it in spacecraft, space suits and various other equipments, required for space exploration programs.
The chemical substances in the atmosphere can be used to detect chemical vapours where the smallest amount of chemical concentration can be detected by using the technology.
It can be used to clean water to remove contamination with the help of chemicals.
It can be used to extract energy from gas and oil. There are various other applications where it can be used in the fields like the generation of electricity using solar cells or solar panels where the technology can help to manufacture and install smaller and economical equipment.
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