diff --git a/CHANGELOG.md b/CHANGELOG.md
index fa8d3e1ee8..dd9b503ae8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ## [Unreleased]
 - Allows to use `Result<Self, Error>` as a return type in constructors - [#1446](https://github.com/paritytech/ink/pull/1446)
 - Introduces conditional compilation to messages, constructors and events - [#1458](https://github.com/paritytech/ink/pull/1458)
+- Update `scale-info` requirement to `2.3` - [#1467](https://github.com/paritytech/ink/pull/1467)
 
 - Remove random function from ink!.
 
diff --git a/crates/env/Cargo.toml b/crates/env/Cargo.toml
index 81d5e0965e..ba0806f1e9 100644
--- a/crates/env/Cargo.toml
+++ b/crates/env/Cargo.toml
@@ -47,7 +47,7 @@ secp256k1 = { version = "0.24", features = ["recovery", "global-context"], optio
 #
 # Sadly couldn't be marked as dev-dependency.
 # Never use this crate outside the off-chain environment!
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [features]
 default = ["std"]
diff --git a/crates/ink/Cargo.toml b/crates/ink/Cargo.toml
index fcad926de3..65334979e1 100644
--- a/crates/ink/Cargo.toml
+++ b/crates/ink/Cargo.toml
@@ -31,7 +31,7 @@ ink_metadata = { path = "../metadata", default-features = false }
 
 trybuild = { version = "1.0.60", features = ["diff"] }
 # Required for the doctest of `env_access::EnvAccess::instantiate_contract`
-scale-info = { version = "2", default-features = false, features = ["derive"] }
+scale-info = { version = "2.3", default-features = false, features = ["derive"] }
 
 [features]
 default = ["std"]
diff --git a/crates/ink/macro/Cargo.toml b/crates/ink/macro/Cargo.toml
index a7c9145d1d..5e753675c9 100644
--- a/crates/ink/macro/Cargo.toml
+++ b/crates/ink/macro/Cargo.toml
@@ -31,7 +31,7 @@ ink = { path = ".." }
 ink_metadata = { path = "../../metadata" }
 ink_prelude = { path = "../../prelude" }
 ink_storage = { path = "../../storage" }
-scale-info = { version = "2", default-features = false, features = ["derive"] }
+scale-info = { version = "2.3", default-features = false, features = ["derive"] }
 
 [lib]
 name = "ink_macro"
diff --git a/crates/metadata/Cargo.toml b/crates/metadata/Cargo.toml
index b3e02f5804..b67e6ffd35 100644
--- a/crates/metadata/Cargo.toml
+++ b/crates/metadata/Cargo.toml
@@ -21,7 +21,7 @@ ink_primitives = { version = "4.0.0-alpha.3", path = "../primitives/", default-f
 serde = { version = "1.0", default-features = false, features = ["derive", "alloc"] }
 impl-serde = "0.4.0"
 derive_more = { version = "0.99", default-features = false, features = ["from"] }
-scale-info = { version = "2", default-features = false, features = ["derive", "serde", "decode"] }
+scale-info = { version = "2.3", default-features = false, features = ["derive", "serde", "decode"] }
 
 [dev-dependencies]
 pretty_assertions = "1"
diff --git a/crates/primitives/Cargo.toml b/crates/primitives/Cargo.toml
index e19ad86f6c..ef91e25555 100644
--- a/crates/primitives/Cargo.toml
+++ b/crates/primitives/Cargo.toml
@@ -18,7 +18,7 @@ include = ["/Cargo.toml", "src/**/*.rs", "/README.md", "/LICENSE"]
 derive_more = { version = "0.99", default-features = false, features = ["from", "display"] }
 ink_prelude = { version = "4.0.0-alpha.3", path = "../prelude/", default-features = false }
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive", "full"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 xxhash-rust = { version = "0.8", features = ["const_xxh32"] }
 
 [features]
diff --git a/crates/storage/Cargo.toml b/crates/storage/Cargo.toml
index 8fadb83d78..bec90fea90 100644
--- a/crates/storage/Cargo.toml
+++ b/crates/storage/Cargo.toml
@@ -23,7 +23,7 @@ ink_prelude = { version = "4.0.0-alpha.3", path = "../prelude/", default-feature
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive", "full"] }
 derive_more = { version = "0.99", default-features = false, features = ["from", "display"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 cfg-if = "1.0"
 array-init = { version = "2.0", default-features = false }
 
diff --git a/crates/storage/traits/Cargo.toml b/crates/storage/traits/Cargo.toml
index dc3c6a4966..9c6e7583ab 100644
--- a/crates/storage/traits/Cargo.toml
+++ b/crates/storage/traits/Cargo.toml
@@ -19,7 +19,7 @@ ink_metadata = { version = "4.0.0-alpha.3", path = "../../metadata", default-fea
 ink_primitives = { version = "4.0.0-alpha.3", path = "../../primitives", default-features = false }
 ink_prelude = { version = "4.0.0-alpha.3", path = "../../prelude", default-features = false }
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive", "full"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 syn = { version = "1", features = ["full"] }
 
 [dev-dependencies]
diff --git a/examples/contract-terminate/Cargo.toml b/examples/contract-terminate/Cargo.toml
index f0983b52e2..9d21de7b33 100644
--- a/examples/contract-terminate/Cargo.toml
+++ b/examples/contract-terminate/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "contract_terminate"
diff --git a/examples/contract-transfer/Cargo.toml b/examples/contract-transfer/Cargo.toml
index 2107424325..8a4f98ecd3 100644
--- a/examples/contract-transfer/Cargo.toml
+++ b/examples/contract-transfer/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [dev-dependencies]
 ink_e2e = { path = "../../crates/e2e" }
diff --git a/examples/delegator/Cargo.toml b/examples/delegator/Cargo.toml
index 563948931a..1d6047ae94 100644
--- a/examples/delegator/Cargo.toml
+++ b/examples/delegator/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 adder = { path = "adder", default-features = false, features = ["ink-as-dependency"] }
 subber = { path = "subber", default-features = false, features = ["ink-as-dependency"] }
diff --git a/examples/delegator/accumulator/Cargo.toml b/examples/delegator/accumulator/Cargo.toml
index c4beec7789..2f2076a098 100644
--- a/examples/delegator/accumulator/Cargo.toml
+++ b/examples/delegator/accumulator/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2021"
 [dependencies]
 ink = { path = "../../../crates/ink", default-features = false }
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "accumulator"
diff --git a/examples/delegator/adder/Cargo.toml b/examples/delegator/adder/Cargo.toml
index 527fe6d0a4..e91fcd0b0e 100644
--- a/examples/delegator/adder/Cargo.toml
+++ b/examples/delegator/adder/Cargo.toml
@@ -10,7 +10,7 @@ ink = { path = "../../../crates/ink", default-features = false }
 accumulator = { path = "../accumulator", default-features = false, features = ["ink-as-dependency"] }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "adder"
diff --git a/examples/delegator/subber/Cargo.toml b/examples/delegator/subber/Cargo.toml
index 59c93e4613..0f2a60f7ee 100644
--- a/examples/delegator/subber/Cargo.toml
+++ b/examples/delegator/subber/Cargo.toml
@@ -10,7 +10,7 @@ ink = { path = "../../../crates/ink", default-features = false }
 accumulator = { path = "../accumulator", default-features = false, features = ["ink-as-dependency"] }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "subber"
diff --git a/examples/dns/Cargo.toml b/examples/dns/Cargo.toml
index 29c26cb0f4..9d60fd74d2 100644
--- a/examples/dns/Cargo.toml
+++ b/examples/dns/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "dns"
diff --git a/examples/erc1155/Cargo.toml b/examples/erc1155/Cargo.toml
index f67ad1c705..3387a93aba 100644
--- a/examples/erc1155/Cargo.toml
+++ b/examples/erc1155/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "erc1155"
diff --git a/examples/erc20/Cargo.toml b/examples/erc20/Cargo.toml
index c210b868b3..7af8d29481 100644
--- a/examples/erc20/Cargo.toml
+++ b/examples/erc20/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "erc20"
diff --git a/examples/erc721/Cargo.toml b/examples/erc721/Cargo.toml
index 1238b7d5dd..3db33e5bda 100644
--- a/examples/erc721/Cargo.toml
+++ b/examples/erc721/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "erc721"
diff --git a/examples/flipper/Cargo.toml b/examples/flipper/Cargo.toml
index b84c867996..ec8865dcb5 100644
--- a/examples/flipper/Cargo.toml
+++ b/examples/flipper/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "flipper"
diff --git a/examples/incrementer/Cargo.toml b/examples/incrementer/Cargo.toml
index 84ae3095e1..c21681b48f 100644
--- a/examples/incrementer/Cargo.toml
+++ b/examples/incrementer/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "incrementer"
diff --git a/examples/mother/Cargo.toml b/examples/mother/Cargo.toml
index 337b070349..a81f834229 100755
--- a/examples/mother/Cargo.toml
+++ b/examples/mother/Cargo.toml
@@ -10,7 +10,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "mother"
diff --git a/examples/multisig/Cargo.toml b/examples/multisig/Cargo.toml
index 9c21d02b14..ffe0345e02 100755
--- a/examples/multisig/Cargo.toml
+++ b/examples/multisig/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "multisig"
diff --git a/examples/payment-channel/Cargo.toml b/examples/payment-channel/Cargo.toml
index 1a16473d88..d69d8ecf73 100755
--- a/examples/payment-channel/Cargo.toml
+++ b/examples/payment-channel/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"] }
+scale-info = { version = "2.3", default-features = false, features = ["derive"] }
 
 [dev-dependencies]
 hex-literal = { version = "0.3" }
diff --git a/examples/psp22-extension/Cargo.toml b/examples/psp22-extension/Cargo.toml
index 5ced859fca..bc538e1523 100755
--- a/examples/psp22-extension/Cargo.toml
+++ b/examples/psp22-extension/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "psp22_extension"
diff --git a/examples/rand-extension/Cargo.toml b/examples/rand-extension/Cargo.toml
index c644e5dcd1..ce5a0e2c8e 100755
--- a/examples/rand-extension/Cargo.toml
+++ b/examples/rand-extension/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "rand_extension"
diff --git a/examples/trait-erc20/Cargo.toml b/examples/trait-erc20/Cargo.toml
index 021e842adf..29f1b99f10 100644
--- a/examples/trait-erc20/Cargo.toml
+++ b/examples/trait-erc20/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "trait_erc20"
diff --git a/examples/trait-flipper/Cargo.toml b/examples/trait-flipper/Cargo.toml
index 4fdda79764..326f75e9e5 100644
--- a/examples/trait-flipper/Cargo.toml
+++ b/examples/trait-flipper/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "trait_flipper"
diff --git a/examples/trait-incrementer/Cargo.toml b/examples/trait-incrementer/Cargo.toml
index a77d9fd51c..521a7c8ce4 100644
--- a/examples/trait-incrementer/Cargo.toml
+++ b/examples/trait-incrementer/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 traits = { path = "./traits", default-features = false }
 
 [lib]
diff --git a/examples/trait-incrementer/traits/Cargo.toml b/examples/trait-incrementer/traits/Cargo.toml
index aa8b9fe38b..97cbb67ec1 100644
--- a/examples/trait-incrementer/traits/Cargo.toml
+++ b/examples/trait-incrementer/traits/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "traits"
diff --git a/examples/upgradeable-contracts/forward-calls/Cargo.toml b/examples/upgradeable-contracts/forward-calls/Cargo.toml
index 1d837cfc90..4b5fdea8f6 100644
--- a/examples/upgradeable-contracts/forward-calls/Cargo.toml
+++ b/examples/upgradeable-contracts/forward-calls/Cargo.toml
@@ -9,7 +9,7 @@ publish = false
 ink = { path = "../../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "forward_calls"
diff --git a/examples/upgradeable-contracts/set-code-hash/Cargo.toml b/examples/upgradeable-contracts/set-code-hash/Cargo.toml
index 5fda147c7f..dc80904e6c 100644
--- a/examples/upgradeable-contracts/set-code-hash/Cargo.toml
+++ b/examples/upgradeable-contracts/set-code-hash/Cargo.toml
@@ -11,7 +11,7 @@ publish = false
 ink = { path = "../../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "incrementer"
diff --git a/examples/upgradeable-contracts/set-code-hash/updated-incrementer/Cargo.toml b/examples/upgradeable-contracts/set-code-hash/updated-incrementer/Cargo.toml
index 065528e49e..2dfc635c9c 100644
--- a/examples/upgradeable-contracts/set-code-hash/updated-incrementer/Cargo.toml
+++ b/examples/upgradeable-contracts/set-code-hash/updated-incrementer/Cargo.toml
@@ -11,7 +11,7 @@ publish = false
 ink = { path = "../../../../crates/ink", default-features = false }
 
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"], optional = true }
+scale-info = { version = "2.3", default-features = false, features = ["derive"], optional = true }
 
 [lib]
 name = "updated_incrementer"
diff --git a/linting/Cargo.toml b/linting/Cargo.toml
index 822c212a43..6e9f403fb1 100644
--- a/linting/Cargo.toml
+++ b/linting/Cargo.toml
@@ -34,7 +34,7 @@ ink_metadata = { path = "../crates/metadata", default-features = false }
 ink_primitives = { path = "../crates/primitives", default-features = false }
 ink_storage = { path = "../crates/storage", default-features = false }
 scale = { package = "parity-scale-codec", version = "3", default-features = false, features = ["derive"] }
-scale-info = { version = "2", default-features = false, features = ["derive"] }
+scale-info = { version = "2.3", default-features = false, features = ["derive"] }
 
 # For the moment we have to include the tests as examples and
 # then use `dylint_testing::ui_test_examples`.