diff --git a/source/App/DecoderApp/decmain.cpp b/source/App/DecoderApp/decmain.cpp
index c0e89ea5f680e2bcfdc9884a5a3ada7ea6e9c19f..698eaa6e430aa4d4ff8ccabb9da338b433251237 100644
--- a/source/App/DecoderApp/decmain.cpp
+++ b/source/App/DecoderApp/decmain.cpp
@@ -54,7 +54,7 @@ int main(int argc, char* argv[])
 
   // print information
   fprintf( stdout, "\n" );
-  fprintf( stdout, "VVCSoftware: VTM Decoder Version %s ", NEXT_SOFTWARE_VERSION );
+  fprintf( stdout, "VVCSoftware: VTM Decoder Version %s ", VTM_VERSION );
   fprintf( stdout, NVM_ONOS );
   fprintf( stdout, NVM_COMPILEDBY );
   fprintf( stdout, NVM_BITS );
diff --git a/source/App/EncoderApp/encmain.cpp b/source/App/EncoderApp/encmain.cpp
index 41f4072cdc928c710435fa20fbf2a85f4030f599..0953a34f278ac29148a16e1d6dd13806ffaa41d2 100644
--- a/source/App/EncoderApp/encmain.cpp
+++ b/source/App/EncoderApp/encmain.cpp
@@ -84,7 +84,7 @@ int main(int argc, char* argv[])
 {
   // print information
   fprintf( stdout, "\n" );
-  fprintf( stdout, "VVCSoftware: VTM Encoder Version %s ", NEXT_SOFTWARE_VERSION );
+  fprintf( stdout, "VVCSoftware: VTM Encoder Version %s ", VTM_VERSION );
   fprintf( stdout, NVM_ONOS );
   fprintf( stdout, NVM_COMPILEDBY );
   fprintf( stdout, NVM_BITS );
diff --git a/source/App/SEIRemovalApp/seiremovalmain.cpp b/source/App/SEIRemovalApp/seiremovalmain.cpp
index c6dc22cf05004e942611f03a9d634950febd4de5..9b63022aa98d5a49c042e736fb606347c1bd0b7c 100644
--- a/source/App/SEIRemovalApp/seiremovalmain.cpp
+++ b/source/App/SEIRemovalApp/seiremovalmain.cpp
@@ -54,7 +54,7 @@ int main(int argc, char* argv[])
 
   // print information
   fprintf( stdout, "\n" );
-  fprintf( stdout, "VVCSoftware: VTM Decoder Version %s ", NEXT_SOFTWARE_VERSION );
+  fprintf( stdout, "VVCSoftware: VTM Decoder Version %s ", VTM_VERSION );
   fprintf( stdout, NVM_ONOS );
   fprintf( stdout, NVM_COMPILEDBY );
   fprintf( stdout, NVM_BITS );
diff --git a/source/Lib/CommonLib/version.h b/source/Lib/CommonLib/version.h
index 4aa45d58395e5a85ceddefdbbe34ace3e28daec1..f7609747e9b6956e77984ccd6d0eaa7d50a63f99 100644
--- a/source/Lib/CommonLib/version.h
+++ b/source/Lib/CommonLib/version.h
@@ -1,3 +1,3 @@
-#if ! defined( NEXT_SOFTWARE_VERSION )
-#define NEXT_SOFTWARE_VERSION "2.2"
+#if ! defined( VTM_VERSION )
+#define VTM_VERSION "3.0rc1"
 #endif