Giant magnetoresistance (GMR) is a quantum effect observed in thin film structures with alternating ferromagnetic and nonmagnetic layers that can control electrical resistance at the nanoscale using magnetic fields. It was discovered in the late 1980s by Peter Grunberg and Albert Fert working independently, for which they received the Nobel Prize. GMR results from electron spin and magnetic moments, causing more or less scattering depending on whether the magnetic moments are parallel or antiparallel. This effect is observed at the nanoscale where the electron mean free path is greater than the interlayer separation. Main applications of GMR include magnetic field sensors for hard drives, biosensors, and MRAM as it allows control of electrical resistance with magnetic fields