diff --git a/README.md b/README.md
index 90c47c8..c54affa 100644
--- a/README.md
+++ b/README.md
@@ -103,7 +103,7 @@ The default versions are always a combination of component versions which are co
 | Component name      | Required by        | Version                           | IP Address      | Ports exposed |
 | --------------      | ------------------ | --------------------------------- | --------------- | ------------- |
 | ganache             |  ocean-contracts   | latest                            | 172.15.0.3      | 8545 -> 8545  |
-| ocean-contracts     |                    | v2.1.0                            | 172.15.0.14     |               |
+| ocean-contracts     |                    | v2.2.0                            | 172.15.0.14     |               |
 | Aquarius            |                    | v5.1.4                            | 172.15.0.5      | 5000 -> 5000  |
 | Elasticsearch       |  Aquarius          | 8.5.1                             | 172.15.0.6      |               |
 | Typesense           |  Ocean-node        | 0.25.1                            | 172.15.0.20     | 8108 -> 8108  |
diff --git a/start_ocean.sh b/start_ocean.sh
index 4696e54..942efd9 100755
--- a/start_ocean.sh
+++ b/start_ocean.sh
@@ -32,7 +32,7 @@ export AQUARIUS_VERSION=${AQUARIUS_VERSION:-v5.1.5}
 export ELASTICSEARCH_VERSION=${ELASTICSEARCH_VERSION:-8.5.1}
 export PROVIDER_VERSION=${PROVIDER_VERSION:-v2.1.6}
 export SUBGRAPH_VERSION=${SUBGRAPH_VERSION:-v4.0.2}
-export CONTRACTS_VERSION=${CONTRACTS_VERSION:-v2.1.0}
+export CONTRACTS_VERSION=${CONTRACTS_VERSION:-v2.2.0}
 export RBAC_VERSION=${RBAC_VERSION:-next}
 export GRAPH_NODE_VERSION=${GRAPH_NODE_VERSION:-v0.33.0}