diff --git a/README.md b/README.md
index 2f74eb18..f87d97b2 100644
--- a/README.md
+++ b/README.md
@@ -193,4 +193,29 @@ AK name - 'AK_columnName_columnNameId'
 
 
 ## License
-[![FOSSA Status](https://app.fossa.com/api/projects/git%2Bgithub.com%2FLiveDevTeam%2FO2NextGen.svg?type=large)](https://app.fossa.com/projects/git%2Bgithub.com%2FLiveDevTeam%2FO2NextGen?ref=badge_large)
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+[![FOSSA Status](https://app.fossa.com/api/projects/git%2Bgithub.com%2FLiveDevTeam%2FO2NextGen.svg?type=large)](https://app.fossa.com/projects/git%2Bgithub.com%2FLiveDevTeam%2FO2NextGen?ref=badge_large)
+
+
+# Versions
+
+#### Version information for an assembly consists of the following four values:
+
+```
+1.0.0.0
+```
+
+Description
+```
+major - Major Version
+minor - Minor Version 
+build number - Build Number 
+              0 - alpha
+                sample: 1.1.0.1 like (1.1-a.1)
+              1 - beta
+                sample: 1.1.1.2 like (1.1-b.2)
+              2 - release candidate
+                sample: 1.1.2.1 like (1.1-rc.1)
+              3 - release
+                sample: 1.1.3.3 like (1.1-r.3)
+revision - git revision
+  ```
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diff --git a/update-version.ps1 b/update-version.ps1
new file mode 100644
index 00000000..c2a67513
--- /dev/null
+++ b/update-version.ps1
@@ -0,0 +1,46 @@
+param ($branch )
+write-host $system_build_counter 
+
+# $branch = git rev-parse --abbrev-ref HEAD
+Write-Host "##branch is: $branch"
+$versionTag = $(git describe --match "*.*" --abbrev=0)
+Write-Host "##versionTag is: $versionTag"
+$distanceFromTag = $(git rev-list "$versionTag..HEAD" --count)
+Write-Host "##distanceFromTag is: $distanceFromTag"
+
+$splitted = $versionTag.Split(".")
+$revision = [int]$distanceFromTag;
+
+# Sometimes the branch will be a full path, e.g., 'refs/heads/master'.
+# If so we'll base our logic just on the last part.
+if ($branch.Contains("/")) {
+   $branch = $branch.substring($branch.lastIndexOf("/")).trim("/")
+}
+
+if ($splitted.Length -eq 4) {
+   $revision += [int]$splitted[3]
+}
+if ($branch -eq "master") {
+   $versionInfo = -join ($splitted[0], ".", $splitted[1], ".", $splitted[2], ".", $revision)
+}
+elseif ($branch -eq "develop") {
+   $versionInfo = -join ($splitted[0], ".", $splitted[1], ".", $splitted[2], "-", "dev", ".", $revision)
+}
+
+elseif ($branch -match "release-.*") {
+   $versionInfo = -join ($splitted[0], ".", $splitted[1], ".", $splitted[2], ".", $revision)
+}
+else {
+   # If the branch starts with "feature-", just use the feature name
+   $branch = $branch.replace("feature-", "")
+   $versionInfo = -join ($splitted[0], ".", $splitted[1], ".", $splitted[2], "-", $branch, ".", $revision)
+}
+$version = -join ($splitted[0], ".", $splitted[1], ".", $splitted[2], ".", $revision)
+Write-Host "##Version is: $version"
+Write-Host "##VersionInfo is: $versionInfo"
+
+$dockerTag = -join ($branch, "-", $splitted[0], ".", $splitted[1], ".", $splitted[2], ".", $revision)
+Write-Host "##Docker tag is: $dockerTag"
+
+$versionInfo | Out-File ./version.txt
+$dockerTag | Out-File ./tag.txt
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