Nanotechnology involves manipulating matter at the atomic and molecular scale. It allows total control over the structure of matter and arranging atoms in any conceivable formation. Some potential applications of nanotechnology discussed in the document include using nanoparticles to more precisely deliver drugs to diseases cells like cancer, developing oral versions of injectable drugs, and creating wrinkle-free and waterproof fabrics. Nanotechnology may also enable lighter spacecraft and space elevators through new materials.