Rare Earth Elements

Definition ∞ Rare earth elements are a group of seventeen metallic elements crucial for many high-tech applications, including consumer electronics, renewable energy technologies, and defense systems. While not directly digital assets, their supply chains are increasingly being tracked using blockchain technology. This application enhances transparency and verifies the ethical sourcing of these critical materials. The digital tracking of these elements supports global supply chain integrity.
Context ∞ The strategic importance of rare earth elements is a prominent geopolitical and economic concern, with nations seeking secure and diversified supply chains. Discussions frequently involve leveraging blockchain for provenance tracking and combating illicit trade in these materials. The goal is to ensure responsible sourcing and supply chain resilience for essential technological components.