What are the benefits and possible risks of Nanotechnology? What about oversight and accountability?

Question

Nanotechnology means manipulating atoms to make things that are a thousand times smaller than the diameter of a human hair. Most Americans may never have heard of it, but it's already an important part of many consumer products. Cosmetics, stain-resistant fabrics, golf balls and computers all contain these manufactured components that are invisible to the human eye. Medical cures and pollution controls could be next, producing a one trillion-dollar industry by 2015--unless some unexpected crisis erodes public confidence.

Answer 1

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Have you read "Prey" by Michael Creighton? I read this several years back before the world had heard of nanotechnology. It was enough for me to decide that it scares the beejeezus out of me. Granted.......it was a book. But the thought that these atoms could almost take on a life of their own is a bit disconcerting.

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Asker's Comment:

I did read that book! Amazing stuff eh? Our world has so many wonders left to discover and 'they' say there are no more frontiers! LOL