The use of nanotechnology has spread widely in the market and has found a place at the forefront of the world of technology as an emerging thing. Every day new technologies are discovered that make things faster, bigger, stronger, smaller and better. In this case, nanotechnology is making things smaller, on a molecular scale. A substance is considered a nanomaterial if it has a size between 1 and 100 nanometers. Therefore, nanotechnology is the engineering and manipulation of nanomaterials. Due to size, the mass/surface area ratio determines the ability of the particles to be absorbed into major organs of the human body. This fact could lead to monumental breakthroughs in medical applications of nanoparticles such as treating diseases; however, nanotechnology is not without risk and is a largely unregulated industry. Many critics of emerging nanotechnology say the industry has many unregulated issues that need to be addressed. For example, whether the nanomaterial can be classified as a new substance or can be combined with an existing substance....