diff --git a/README.md b/README.md
index 0f17ed5..23278fe 100644
--- a/README.md
+++ b/README.md
@@ -59,7 +59,7 @@ Update your `target` and `secretKey`, and you're ready to go.
     docker run \
       -v $PWD/docs/beaver_server.yaml:/app/config/beaver_server.yaml \
       -v $PWD/data:/app/data/ \
-      -p 8080:8080 --restart unless-stopped amalshaji/beaver:0.2.0
+      -p 8080:8080 --restart unless-stopped amalshaji/beaver:0.3.0-alpha.1
     ```
 
     Replace `$PWD/docs/beaver_server.yaml` with path to your config file
@@ -69,7 +69,7 @@ Update your `target` and `secretKey`, and you're ready to go.
     ```yaml
     services:
       beaver:
-        image: amalshaji/beaver:0.2.0
+        image: amalshaji/beaver:0.3.0-alpha.1
         volumes:
           - ./docs/beaver_server.yaml:/app/config/beaver_server.yaml
           - ./data:/app/data/
diff --git a/cmd/beaver_client/version.go b/cmd/beaver_client/version.go
index 0aded73..5a46ea5 100644
--- a/cmd/beaver_client/version.go
+++ b/cmd/beaver_client/version.go
@@ -6,7 +6,7 @@ import (
 	"github.com/spf13/cobra"
 )
 
-const VERSION = "0.2.0"
+const VERSION = "0.3.0-alpha.1"
 
 var versionCmd = &cobra.Command{
 	Use:   "version",
diff --git a/cmd/beaver_server/version.go b/cmd/beaver_server/version.go
index d6ae4cf..0669def 100644
--- a/cmd/beaver_server/version.go
+++ b/cmd/beaver_server/version.go
@@ -6,7 +6,7 @@ import (
 	"github.com/spf13/cobra"
 )
 
-const VERSION = "0.2.0"
+const VERSION = "0.3.0-alpha.1"
 
 var versionCmd = &cobra.Command{
 	Use:   "version",
diff --git a/deployments/docker-compose.yaml b/deployments/docker-compose.yaml
index 110c712..b99e81b 100644
--- a/deployments/docker-compose.yaml
+++ b/deployments/docker-compose.yaml
@@ -1,6 +1,6 @@
 services:
   beaver:
-    image: amalshaji/beaver:0.2.0
+    image: amalshaji/beaver:0.3.0-alpha.1
     volumes:
       - ./beaver_server.yaml:/app/config/beaver_server.yaml
       - ./data:/app/data/