diff --git a/boilerplate/package.json b/boilerplate/package.json
index a3aca25a..f8019900 100644
--- a/boilerplate/package.json
+++ b/boilerplate/package.json
@@ -26,7 +26,7 @@
     "read-yaml": "^1.0.0",
     "shelljs": "^0.4.0",
     "string": "^3.1.1",
-    "web3": "^0.4.3",
+    "web3": "^0.5.0",
     "wrench": "^1.5.8",
     "hashmerge": "^1.0.2"
   }