Wireless data traffic has experienced an unprecedented boost in past years, and according to data traffic forecasts, within a decade, it is expected to compete sufficiently with wired broadband infrastructure. Therefore, the use of even higher carrier frequency bands in the THz range, via adoption of new technologies to equip future THz band wireless communication systems at the nanoscale is required, in order to accommodate a variety of applications, that would satisfy the ever increasing user demands of higher data rates. Certain wireless applications such as 5G and beyond communications, network on chip system architectures, and nanosensor networks, will no longer satisfy speed and latency demands with existing technologies and system architectures.