Many paths believe that Dragons Blood will increase the potency of spellwork or magical rituals. Many use it for cleansing a space or to banish negativity. Dragon’s blood is the name of the resin that comes from the plant Dracaceno draco, also known as Draconis Palm. This dark, blood-red resin is associated with the element of fire and the planet Mars. Used for protection, courage, and to gain power. Dragon’s blood resin, amber oil, patchouli, and other herbs and essential oils.