diff --git a/system-parachains/encointer/src/lib.rs b/system-parachains/encointer/src/lib.rs
index f93906d02e..60f1054172 100644
--- a/system-parachains/encointer/src/lib.rs
+++ b/system-parachains/encointer/src/lib.rs
@@ -131,7 +131,7 @@ pub const VERSION: RuntimeVersion = RuntimeVersion {
 	spec_name: create_runtime_str!("encointer-parachain"),
 	impl_name: create_runtime_str!("encointer-parachain"),
 	authoring_version: 1,
-	spec_version: 1_003_003,
+	spec_version: 1_003_004,
 	impl_version: 1,
 	apis: RUNTIME_API_VERSIONS,
 	transaction_version: 4,