diff --git a/package.json b/package.json
index 2dfbff78c..737fdc362 100644
--- a/package.json
+++ b/package.json
@@ -1,5 +1,7 @@
 {
     "name": "explorer",
+    "description": "Tangle Explorer",
+    "version": "3.3.2",
     "scripts": {
         "setup:client": "cd client && npm install && npm run postinstall",
         "setup:api": "cd api && npm install && npm run build-compile && npm run build-config",
@@ -7,7 +9,8 @@
         "clear": "rimraf api/node_modules api/dist client/node_modules client/build",
         "dev": "concurrently 'cd api && npm run start-dev' 'cd client && npm run start'",
         "prepare": "husky install",
-        "format": "concurrently 'cd api && npm run format' 'cd client && npm run format'"
+        "format": "concurrently 'cd api && npm run format' 'cd client && npm run format'",
+        "tag:release": "./scripts/tag_release.sh"
     },
     "devDependencies": {
         "@typescript-eslint/eslint-plugin": "^6.18.1",
diff --git a/scripts/tag_release.sh b/scripts/tag_release.sh
new file mode 100755
index 000000000..8fce4cb1d
--- /dev/null
+++ b/scripts/tag_release.sh
@@ -0,0 +1,74 @@
+#!/bin/bash
+
+# Read target version from command line
+TARGET_VERSION=$1
+CURRENT_VERSION=$(sed -n 's/.*"version": "\([^"]*\)".*/\1/p' package.json)
+
+if [[ -z $TARGET_VERSION ]]; then
+    echo "Current version (root) is v$CURRENT_VERSION"
+    read -p "Please specify target version: " TARGET_VERSION
+    read -n 1 -p "Confirm version change 'v$CURRENT_VERSION' -> 'v$TARGET_VERSION' ? (Enter): " CONFIRM_VERSION
+
+    if [[ $CONFIRM_VERSION != "" ]]; then
+        echo "Aborting..."
+        exit 1
+    fi
+else
+    echo "Target version: v$TARGET_VERSION"
+fi
+
+echo "Bumping version in package.json..."
+sed -i.bak "4s/version\": \"\(.*\)\"/version\": \"$TARGET_VERSION\"/g" package.json
+rm package.json.bak
+
+echo "Bumping version in api/package.json..."
+cd "./api"
+sed -i.bak "4s/version\": \"\(.*\)\"/version\": \"$TARGET_VERSION\"/g" package.json
+rm package.json.bak
+
+echo "Bumping version in client/package.json..."
+cd "../client"
+sed -i.bak "4s/version\": \"\(.*\)\"/version\": \"$TARGET_VERSION\"/g" package.json
+rm package.json.bak
+cd "../"
+
+read -n 1 -p "Confirm making a bump commit and tagging with 'v$TARGET_VERSION' ? (Enter): " CONFIRM_BUMP
+
+if [[ $CONFIRM_BUMP != "" ]]; then
+    echo "Aborting..."
+    exit 1
+fi
+
+cd "./api"
+npm i
+cd "../client"
+npm i
+cd "../"
+
+echo "Making a bump commit..."
+files_to_add=("package.json" "package-lock.json")
+folders_to_add=("." "api" "client")
+for folder in "${folders_to_add[@]}"
+do
+    for file in "${files_to_add[@]}"
+    do
+        git add "$folder/$file"
+    done
+done
+
+git commit -S -m "chore: bump version to v$TARGET_VERSION"
+
+echo "Tagging commit with 'v$TARGET_VERSION'..."
+git tag v$TARGET_VERSION
+
+read -n 1 -p "Do you want to push branch and tags ? (Enter): " CONFIRM_PUSH
+if [[ $CONFIRM_PUSH != "" ]]; then
+    echo "Exiting without pushing..."
+    exit 1
+fi
+
+echo "Pushing branch and tags..."
+git push
+git push origin refs/tags/v$TARGET_VERSION
+echo "Done!"
+