Definition ∞ Forest Products encompass all materials and goods obtained from forests, including timber, pulpwood, paper, and a variety of non-wood items like resins and medicinal plants. These products are derived through sustainable forestry practices or harvesting operations, forming a significant component of global industries. The extraction and processing of these natural resources contribute to numerous economic sectors, ranging from construction to manufacturing. They are fundamental to various supply chains.
Context ∞ While not directly related to digital assets or blockchain technology, the forest products sector increasingly utilizes advanced tracking and supply chain management solutions. Discussions often involve the implementation of traceability systems to verify sustainable sourcing and combat illegal logging. Blockchain technology could potentially enhance transparency in the timber supply chain, providing immutable records of origin and certifications. Future innovations might explore digital ledger applications for environmental compliance and carbon credit verification within this industry.
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