diff --git a/config.json b/config.json
index f3550ef2a6c..9d7ead35c9d 100644
--- a/config.json
+++ b/config.json
@@ -1,7 +1,7 @@
 {
     "port": 8000,
     "address": "0.0.0.0",
-    "version": "0.3.4",
+    "version": "0.4.0",
     "fileLogLevel": "info",
     "logFileName": "logs/lisk.log",
     "consoleLogLevel": "info",
diff --git a/package.json b/package.json
index 2e4cadbbcf1..0e69d5d2fbd 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "lisk",
-  "version": "0.3.4",
+  "version": "0.4.0",
   "private": true,
   "scripts": {
     "start": "node app.js",