diff --git a/package-lock.json b/package-lock.json
index 7427931..f89e8d6 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "@hyperledger/firefly-sdk",
-  "version": "1.2.16",
+  "version": "1.3.0-alpha.1",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "@hyperledger/firefly-sdk",
-      "version": "1.2.16",
+      "version": "1.3.0-alpha.1",
       "license": "Apache-2.0",
       "dependencies": {
         "axios": "^0.26.1",
diff --git a/package.json b/package.json
index 3d46648..b92e6c4 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@hyperledger/firefly-sdk",
-  "version": "1.2.16",
+  "version": "1.3.0-alpha.1",
   "description": "Client SDK for Hyperledger FireFly",
   "main": "dist/index.js",
   "types": "dist/index.d.ts",