Hemoglobin is an iron-containing protein in red blood cells that transports oxygen from the lungs to tissues and carbon dioxide from tissues back to the lungs. It is a globular tetrameric protein composed of two alpha and two beta chains, with each chain containing a heme group that binds to oxygen. Hemoglobin undergoes a conformational change upon oxygen binding that makes the remaining binding sites have a higher affinity for oxygen in a cooperative binding process essential for oxygen transport.