The Josephson Effect is a quantum mechanical phenomenon that occurs in superconducting materials, where a supercurrent can flow between two superconductors separated by a thin insulating barrier, even in the absence of an applied voltage. This effect showcases the unique behavior of superconductors and leads to applications such as superconducting qubits and highly sensitive magnetometers, all of which relate to the principles of superconductivity and magnetic field expulsion.