diff --git a/hadoop-hdds/client/pom.xml b/hadoop-hdds/client/pom.xml
index be24a93..673af41 100644
--- a/hadoop-hdds/client/pom.xml
+++ b/hadoop-hdds/client/pom.xml
@@ -20,11 +20,11 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-hdds</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
 
   <artifactId>hadoop-hdds-client</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Distributed Data Store Client Library</description>
   <name>Apache Hadoop HDDS Client</name>
   <packaging>jar</packaging>
diff --git a/hadoop-hdds/common/pom.xml b/hadoop-hdds/common/pom.xml
index cd81cc7..5b68679 100644
--- a/hadoop-hdds/common/pom.xml
+++ b/hadoop-hdds/common/pom.xml
@@ -20,16 +20,16 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-hdds</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-hdds-common</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Distributed Data Store Common</description>
   <name>Apache Hadoop HDDS Common</name>
   <packaging>jar</packaging>
 
   <properties>
-    <hdds.version>0.4.2-alpha</hdds.version>
+    <hdds.version>0.5.0-SNAPSHOT</hdds.version>
     <log4j2.version>2.11.0</log4j2.version>
     <disruptor.version>3.4.2</disruptor.version>
     <declared.hdds.version>${hdds.version}</declared.hdds.version>
diff --git a/hadoop-hdds/config/pom.xml b/hadoop-hdds/config/pom.xml
index b842b6c..a595549 100644
--- a/hadoop-hdds/config/pom.xml
+++ b/hadoop-hdds/config/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-hdds</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-hdds-config</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Distributed Data Store Config Tools</description>
   <name>Apache Hadoop HDDS Config</name>
   <packaging>jar</packaging>
diff --git a/hadoop-hdds/container-service/pom.xml b/hadoop-hdds/container-service/pom.xml
index 8edcc13..82c4948 100644
--- a/hadoop-hdds/container-service/pom.xml
+++ b/hadoop-hdds/container-service/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-hdds</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-hdds-container-service</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Distributed Data Store Container Service</description>
   <name>Apache Hadoop HDDS Container Service</name>
   <packaging>jar</packaging>
diff --git a/hadoop-hdds/docs/pom.xml b/hadoop-hdds/docs/pom.xml
index 4fe8798..6c6d77f 100644
--- a/hadoop-hdds/docs/pom.xml
+++ b/hadoop-hdds/docs/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-hdds</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-hdds-docs</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop HDDS/Ozone Documentation</description>
   <name>Apache Hadoop HDDS/Ozone Documentation</name>
   <packaging>jar</packaging>
diff --git a/hadoop-hdds/framework/pom.xml b/hadoop-hdds/framework/pom.xml
index 6f3ffe9..40574e3 100644
--- a/hadoop-hdds/framework/pom.xml
+++ b/hadoop-hdds/framework/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-hdds</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-hdds-server-framework</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Distributed Data Store Server Framework
   </description>
   <name>Apache Hadoop HDDS Server Framework</name>
diff --git a/hadoop-hdds/pom.xml b/hadoop-hdds/pom.xml
index 49a2205..17bcab4 100644
--- a/hadoop-hdds/pom.xml
+++ b/hadoop-hdds/pom.xml
@@ -20,11 +20,11 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-main-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
 
   <artifactId>hadoop-hdds</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Distributed Data Store Project</description>
   <name>Apache Hadoop HDDS</name>
   <packaging>pom</packaging>
diff --git a/hadoop-hdds/server-scm/pom.xml b/hadoop-hdds/server-scm/pom.xml
index 70fc964..68a5cd8 100644
--- a/hadoop-hdds/server-scm/pom.xml
+++ b/hadoop-hdds/server-scm/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-hdds</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-hdds-server-scm</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Distributed Data Store Storage Container Manager Server</description>
   <name>Apache Hadoop HDDS SCM Server</name>
   <packaging>jar</packaging>
diff --git a/hadoop-hdds/tools/pom.xml b/hadoop-hdds/tools/pom.xml
index 7999516..6f0be62 100644
--- a/hadoop-hdds/tools/pom.xml
+++ b/hadoop-hdds/tools/pom.xml
@@ -20,11 +20,11 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-hdds</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
 
   <artifactId>hadoop-hdds-tools</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Distributed Data Store Tools</description>
   <name>Apache Hadoop HDDS Tools</name>
   <packaging>jar</packaging>
diff --git a/hadoop-ozone/client/pom.xml b/hadoop-ozone/client/pom.xml
index 99032c9..2fefd8b 100644
--- a/hadoop-ozone/client/pom.xml
+++ b/hadoop-ozone/client/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-client</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Ozone Client</description>
   <name>Apache Hadoop Ozone Client</name>
   <packaging>jar</packaging>
diff --git a/hadoop-ozone/common/pom.xml b/hadoop-ozone/common/pom.xml
index 728871e..dfc74c6 100644
--- a/hadoop-ozone/common/pom.xml
+++ b/hadoop-ozone/common/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-common</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Ozone Common</description>
   <name>Apache Hadoop Ozone Common</name>
   <packaging>jar</packaging>
diff --git a/hadoop-ozone/csi/pom.xml b/hadoop-ozone/csi/pom.xml
index e741d21..732bd9d 100644
--- a/hadoop-ozone/csi/pom.xml
+++ b/hadoop-ozone/csi/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-csi</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Ozone CSI service</description>
   <name>Apache Hadoop Ozone CSI service</name>
   <packaging>jar</packaging>
diff --git a/hadoop-ozone/datanode/pom.xml b/hadoop-ozone/datanode/pom.xml
index e21c421..0f5c3c4 100644
--- a/hadoop-ozone/datanode/pom.xml
+++ b/hadoop-ozone/datanode/pom.xml
@@ -19,12 +19,12 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-datanode</artifactId>
   <name>Apache Hadoop Ozone Datanode</name>
   <packaging>jar</packaging>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
 
   <dependencies>
     <dependency>
diff --git a/hadoop-ozone/dist/pom.xml b/hadoop-ozone/dist/pom.xml
index f46d03f..2519e15 100644
--- a/hadoop-ozone/dist/pom.xml
+++ b/hadoop-ozone/dist/pom.xml
@@ -19,12 +19,12 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-dist</artifactId>
   <name>Apache Hadoop Ozone Distribution</name>
   <packaging>pom</packaging>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <properties>
     <file.encoding>UTF-8</file.encoding>
     <downloadSources>true</downloadSources>
diff --git a/hadoop-ozone/fault-injection-test/mini-chaos-tests/pom.xml b/hadoop-ozone/fault-injection-test/mini-chaos-tests/pom.xml
index d5a49f8..8ed726f 100644
--- a/hadoop-ozone/fault-injection-test/mini-chaos-tests/pom.xml
+++ b/hadoop-ozone/fault-injection-test/mini-chaos-tests/pom.xml
@@ -20,9 +20,9 @@
   <parent>
     <artifactId>hadoop-ozone-fault-injection-test</artifactId>
     <groupId>org.apache.hadoop</groupId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Ozone Mini Ozone Chaos Tests</description>
   <name>Apache Hadoop Ozone Mini Ozone Chaos Tests</name>
 
@@ -50,4 +50,4 @@
       <type>test-jar</type>
     </dependency>
   </dependencies>
-</project>
+</project>
\ No newline at end of file
diff --git a/hadoop-ozone/fault-injection-test/network-tests/pom.xml b/hadoop-ozone/fault-injection-test/network-tests/pom.xml
index 2146c0e..3b29480 100644
--- a/hadoop-ozone/fault-injection-test/network-tests/pom.xml
+++ b/hadoop-ozone/fault-injection-test/network-tests/pom.xml
@@ -20,7 +20,7 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone-fault-injection-test</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-network-tests</artifactId>
   <description>Apache Hadoop Ozone Network Tests</description>
diff --git a/hadoop-ozone/fault-injection-test/pom.xml b/hadoop-ozone/fault-injection-test/pom.xml
index a9afefc..5f8bd45 100644
--- a/hadoop-ozone/fault-injection-test/pom.xml
+++ b/hadoop-ozone/fault-injection-test/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-fault-injection-test</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Ozone Fault Injection Tests</description>
   <name>Apache Hadoop Ozone Fault Injection Tests</name>
   <packaging>pom</packaging>
diff --git a/hadoop-ozone/insight/pom.xml b/hadoop-ozone/insight/pom.xml
index 24601fb..8287334 100644
--- a/hadoop-ozone/insight/pom.xml
+++ b/hadoop-ozone/insight/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-insight</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Ozone Insight Tool</description>
   <name>Apache Hadoop Ozone Insight Tool</name>
   <packaging>jar</packaging>
diff --git a/hadoop-ozone/integration-test/pom.xml b/hadoop-ozone/integration-test/pom.xml
index d4ddc2e..082e785 100644
--- a/hadoop-ozone/integration-test/pom.xml
+++ b/hadoop-ozone/integration-test/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-integration-test</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Ozone Integration Tests</description>
   <name>Apache Hadoop Ozone Integration Tests</name>
   <packaging>jar</packaging>
diff --git a/hadoop-ozone/ozone-manager/pom.xml b/hadoop-ozone/ozone-manager/pom.xml
index eae8556..da73757 100644
--- a/hadoop-ozone/ozone-manager/pom.xml
+++ b/hadoop-ozone/ozone-manager/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-ozone-manager</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Ozone Manager Server</description>
   <name>Apache Hadoop Ozone Manager Server</name>
   <packaging>jar</packaging>
diff --git a/hadoop-ozone/ozonefs-lib-current/pom.xml b/hadoop-ozone/ozonefs-lib-current/pom.xml
index 67d9b79..1645ccc 100644
--- a/hadoop-ozone/ozonefs-lib-current/pom.xml
+++ b/hadoop-ozone/ozonefs-lib-current/pom.xml
@@ -19,7 +19,7 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-filesystem-lib-current</artifactId>
   <name>Apache Hadoop Ozone FileSystem Single Jar Library</name>
@@ -27,7 +27,7 @@
   <description>This projects creates an uber jar from ozonefs with all the
     dependencies.
   </description>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <properties>
     <file.encoding>UTF-8</file.encoding>
     <downloadSources>true</downloadSources>
diff --git a/hadoop-ozone/ozonefs-lib-legacy/pom.xml b/hadoop-ozone/ozonefs-lib-legacy/pom.xml
index c6aa88f..c248308 100644
--- a/hadoop-ozone/ozonefs-lib-legacy/pom.xml
+++ b/hadoop-ozone/ozonefs-lib-legacy/pom.xml
@@ -19,7 +19,7 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-filesystem-lib-legacy</artifactId>
   <name>Apache Hadoop Ozone FileSystem Legacy Jar Library</name>
@@ -28,7 +28,7 @@
     and loaded by a custom class loader. Can be used together with Hadoop 2.x
   </description>
   <packaging>jar</packaging>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <properties>
     <file.encoding>UTF-8</file.encoding>
     <downloadSources>true</downloadSources>
diff --git a/hadoop-ozone/ozonefs/pom.xml b/hadoop-ozone/ozonefs/pom.xml
index 563164c..675f1ce 100644
--- a/hadoop-ozone/ozonefs/pom.xml
+++ b/hadoop-ozone/ozonefs/pom.xml
@@ -19,12 +19,12 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-filesystem</artifactId>
   <name>Apache Hadoop Ozone FileSystem</name>
   <packaging>jar</packaging>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <properties>
     <file.encoding>UTF-8</file.encoding>
     <downloadSources>true</downloadSources>
diff --git a/hadoop-ozone/pom.xml b/hadoop-ozone/pom.xml
index 7597578..af28185 100644
--- a/hadoop-ozone/pom.xml
+++ b/hadoop-ozone/pom.xml
@@ -16,10 +16,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-main-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Ozone Project</description>
   <name>Apache Hadoop Ozone</name>
   <packaging>pom</packaging>
diff --git a/hadoop-ozone/recon-codegen/pom.xml b/hadoop-ozone/recon-codegen/pom.xml
index 0693c2a..6abc5ef 100644
--- a/hadoop-ozone/recon-codegen/pom.xml
+++ b/hadoop-ozone/recon-codegen/pom.xml
@@ -18,7 +18,7 @@
   <parent>
     <artifactId>hadoop-ozone</artifactId>
     <groupId>org.apache.hadoop</groupId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <modelVersion>4.0.0</modelVersion>
   <artifactId>hadoop-ozone-reconcodegen</artifactId>
diff --git a/hadoop-ozone/recon/pom.xml b/hadoop-ozone/recon/pom.xml
index 9561842..488b228 100644
--- a/hadoop-ozone/recon/pom.xml
+++ b/hadoop-ozone/recon/pom.xml
@@ -18,7 +18,7 @@
   <parent>
     <artifactId>hadoop-ozone</artifactId>
     <groupId>org.apache.hadoop</groupId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <name>Apache Hadoop Ozone Recon</name>
   <modelVersion>4.0.0</modelVersion>
diff --git a/hadoop-ozone/s3gateway/pom.xml b/hadoop-ozone/s3gateway/pom.xml
index 9ee1096..811a29d 100644
--- a/hadoop-ozone/s3gateway/pom.xml
+++ b/hadoop-ozone/s3gateway/pom.xml
@@ -19,12 +19,12 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-s3gateway</artifactId>
   <name>Apache Hadoop Ozone S3 Gateway</name>
   <packaging>jar</packaging>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <properties>
     <file.encoding>UTF-8</file.encoding>
     <downloadSources>true</downloadSources>
diff --git a/hadoop-ozone/tools/pom.xml b/hadoop-ozone/tools/pom.xml
index ab7b943..a9c869d 100644
--- a/hadoop-ozone/tools/pom.xml
+++ b/hadoop-ozone/tools/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-tools</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Ozone Tools</description>
   <name>Apache Hadoop Ozone Tools</name>
   <packaging>jar</packaging>
diff --git a/hadoop-ozone/upgrade/pom.xml b/hadoop-ozone/upgrade/pom.xml
index 84620af..ba4f34f 100644
--- a/hadoop-ozone/upgrade/pom.xml
+++ b/hadoop-ozone/upgrade/pom.xml
@@ -20,10 +20,10 @@
   <parent>
     <groupId>org.apache.hadoop</groupId>
     <artifactId>hadoop-ozone</artifactId>
-    <version>0.4.2-alpha</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
   <artifactId>hadoop-ozone-upgrade</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Ozone In-Place Upgrade</description>
   <name>Apache Hadoop Ozone In-Place Upgrade</name>
   <packaging>jar</packaging>
diff --git a/pom.xml b/pom.xml
index 30335a4..7aa5224 100644
--- a/pom.xml
+++ b/pom.xml
@@ -18,7 +18,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>org.apache.hadoop</groupId>
   <artifactId>hadoop-main-ozone</artifactId>
-  <version>0.4.2-alpha</version>
+  <version>0.5.0-SNAPSHOT</version>
   <description>Apache Hadoop Ozone Main</description>
   <name>Apache Hadoop Ozone Main</name>
   <packaging>pom</packaging>
@@ -73,7 +73,7 @@
 
     <!-- version for hdds/ozone components -->
     <hdds.version>${ozone.version}</hdds.version>
-    <ozone.version>0.4.2-alpha</ozone.version>
+    <ozone.version>0.5.0-SNAPSHOT</ozone.version>
     <ozone.release>Crater Lake</ozone.release>
     <declared.ozone.version>${ozone.version}</declared.ozone.version>