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Ignoring for the moment that scientists and engineers are a curious lot, always pushing the envelope of what can and cannot be done, precision has been mentioned as a benefit of molecular machines and is one of the keys to understanding why we would want to develop this technology.
In this application, precision means that there is a place for every atom and every atom is in its place. Schematics will be detailed, and there will be no unnecessary parts anywhere in the design. We will use machines of precision to create products of equal precision. With this precision, we should be able to recycle all of the waste products produced by the manufacturing processes and put them to good use elsewhere. Manufacturing will also become less expensive as a result.
Technology has never had this kind of precise control; all of our technologies today are bulk technologies. We take a lump of something and add or remove pieces until we're left with whatever object we were trying to create. We assemble our objects from parts, without regard to structure at the molecular level. Precise atomic-level fabrication has previously only been seen in the growth of crystals or in biological molecular machinery, like the ribosome, which assembles all the proteins in living creatures, or DNA, which carries the instructions for creating a living being. If we incorporate similar processes during our development of nanotechnology, we will begin to gain a degree of complexity and control over systems that previously only evolution and nature have had.
Additional benefits arise when we consider the size of devices that we will be able to create. Once we are working on the atomic scale, we can create machines that will go places about which we could once only dream. More information will be packed into smaller and smaller spaces, and we will be able to do much more with much less. Nanotechnology promises unprecedented and efficient control over our environment, but taking advantage of anticipated developments requires forethought and planning. This is a primary aspect of Foresight's mission, and we continue to explore the costs and the benefits of developing nanotechnology and molecular manufacturing.

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