Implications Due to the far-ranging claims that have been made about potential applications of nanotechnology, a number of concerns have been raised about what effects these will have on our society if realized, and what action if any is appropriate to mitigate these risks. Short-term issues include the effects that widespread use of nanomaterials would have on human health and the environment. Longer-term concerns center on the implications that new technologies will have for society at large, and whether these could possibly lead to either a post scarcity economy, or alternatively exacerbate the wealth gap between developed and developing nations.