Nanotechnology: The Need for the Regulation on the Invisible Giant
Shu-Mei Tang, Yen-Tzu Chuang

Financial & Economic Law, Asia University, Taiwan

Abstract

Considered as an exceptionally advanced technology, nanotechnology has found applications across various domains, encompassing industrial manufacturing materials, electronic products, and biotechnological advancements like medicines, food production, and cosmetics. Despite its widespread use, there is a growing body of evidence suggesting potential adverse ecological and health impacts associated with high-tech nanoproducts. This paper explores the precautionary principle, giving precedence to safety concerns in nanotechnology, and underscores the significant influence of nanotechnology on Taiwanese society. Additionally, it provides an overview of the current state of nanotechnology, particularly focusing on ethical, legal, and societal implications (ELSI). The article highlights the inherent uncertainty in the application of nanoscience and addresses fundamental human rights issues. The central inquiry revolves around how nanotechnology can be developed and utilized to minimize risks to human health and the environment. The precautionary principle emerges as an imperative approach to navigate potential hazards, ensuring that the uncertainties and risks of nanotechnology are subject to careful consideration.

Keywords: Nanotechnology, ELSI, Precautionary Principle

Topic: Law