the potential harm of nanomaterials to human beings due to added green nanomaterials to food and food packaging applications
4
Renewable energy sector
O: Use of green nanotechnology for renewable energy generation, transmission, storage, efficient lighting, and energy management systems at low cost
C: Identifying optimum nanomaterial for a particular application, reduction of cost toward zero, improving efficiency toward 100%, optimization of storage properties of nanotechnology‐based storage device, etc.
5
Construction industry sector
O: Green nanotechnology allows to improve the properties of construction materials including cement with the addition of nanoparticles will lead to stronger, more durable, self‐healing, air purifying, fire resistant, easy to clean, optimum heat and noise insulation, and quick compacting concrete
C: Challenges include unknown environmental, health and safety risks, uncertainty concerning the market, and consumer acceptance
6
Consumer goods industry sector
O: Green nanotechnology has made an impact on fast consumer goods like textile and fabrics, cosmetics and skin cares, sporting goods, cleaning products, furniture, home appliances, etc. in terms of durability, production cost, enhanced features, security, etc.
C: Challenges include technology transfer, government approvals, consumer acceptance and awareness, negative propaganda and lobby of existing conventional manufacturers, etc.
7
Automobile industry
O: Green nanotechnology supported lightweight but stronger automobile components, increased performance with long mileage, durable tires, self‐repairing, long‐life batteries, renewable energy through nanopaints, which lead to cleaner, quieter, and more pleasant automobiles
C: Commercialization of green nanomaterials, nanocomponents, and nanosystems related to automobiles. Country government support to create awareness among automobile manufacturers and customers
8
Medical equipment and drug synthesis
O: Green nanotechnology supports to revolutionize drug manufacturing, targeted drug delivery, medical diagnostics, regenerative medicines
C: Worldwide acceptance of new drugs, treatment procedures, and regulatory practices take time for global usage
Monitoring side effects and attitudes of medical practitioners also hinder the medical treatments in the health science regime
9
Electrical, electronics, and computer industry sector
O: Green nanotechnology based high speed and miniature‐sized communication devices and computation devices, high‐density memory chips, nano‐sensors, etc. for ubiquitous communication, computation, embedded wearable electronics, and entertainment
C: Complexity involved in fabricating nanoelectronics devices and the resistance of many companies to shift from silicon‐based electronics to molecular nanomaterials‐based devices
10
Aerospace and defense sector
O: Green nanotechnology supports miniaturized drones or a swarm of artificial bees to provide additional awareness and visibility. The miniaturized bots equipped with artificial intelligence support give information on the battlefield situations. Hence, GNT with nanosatellites, nano‐battlesuit, nanosensors, nano‐drones, nanosystems planted in human bodies, and nano‐nuclear chemical and biological weapons will give the upper hand in defense and aerospace sector against conventional technologies
C: Technology transfer, skilled human resource, huge initial investment, awareness at decision‐making level, procrastination of decisions
Table 3.7 Nanotechnology‐based service innovations in the tertiary industry sector.
S. No.
Service industries
Opportunities (O) and challenges (C) of green nanotechnology
1
Advertising industry
O: Green nanotechnology provides special effect paints and displays which change their color at different light intensity levels and hence at a different time of the day
C: Commercialization of such technology, cost against existing systems/models, and durability are yet to be tested
2
Education industry
O: Green nanotechnology as a career option, improving and innovations in educational technology through higher quality and low‐cost internet as well as display devices leading to ubiquitous online education
C: Challenges include, complexity involves in technology and initial investment cost
3
E‐commerce industry
O: Green nanotechnology supports the identification of counterfeit goods. Certified QR codes and tracking devices supported by nanotechnology can be utilized for product packaging
C: Creating awareness on the use of such technology with identity benefits to many products consumes time
4
Entertainment industry
O: Green nanotechnology supports to improve the efficiencies of digital entertainment instruments and their durability. It also improves the speed and reachability of internet signals for high speed online video games
C: Cost and creating awareness are two major challenges for nanotechnology‐based entertainment services
5
Fashion industry
Green nanotechnology embedded fabrics can be designed to resist liquids, fight off wrinkles, quick drying, and breathe. Also, for the killing of microbes in cloths, coating that repels water and stain‐producing liquids, antistatic nanoparticles to discharge accumulated static charge, new designs, and patterns on fabrics and fashion equipment, etc.
C: Awareness creation and reachability of GNT features in the industry
6
Financial services industry
O: Huge investment in mega‐technology will facilitate the banking sector and drive economic growth. The financial industry will have a key role in the transfer of technology from research centers to various industries. GNT provides technological support for authentic and secured financial transactions
C: Slow technology transfer, delay in investment decisions, financial constraints for start‐ups, effective utilization of government budgets, etc.
7
Healthcare industry
O: Disease control by means of disease diagnostics, prophylactics, and treatment of diseases. Nanoprobes