diff --git a/Cargo.lock b/Cargo.lock
index 38d0a3388d33..c254302517f0 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -18661,9 +18661,9 @@ checksum = "222a222a5bfe1bba4a77b45ec488a741b3cb8872e5e499451fd7d0129c9c7c3d"
 
 [[package]]
 name = "thiserror"
-version = "1.0.47"
+version = "1.0.48"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "97a802ec30afc17eee47b2855fc72e0c4cd62be9b4efe6591edde0ec5bd68d8f"
+checksum = "9d6d7a740b8a666a7e828dd00da9c0dc290dff53154ea77ac109281de90589b7"
 dependencies = [
  "thiserror-impl",
 ]
@@ -18690,9 +18690,9 @@ dependencies = [
 
 [[package]]
 name = "thiserror-impl"
-version = "1.0.47"
+version = "1.0.48"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6bb623b56e39ab7dcd4b1b98bb6c8f8d907ed255b18de254088016b27a8ee19b"
+checksum = "49922ecae66cc8a249b77e68d1d0623c1b2c514f0060c27cdc68bd62a1219d35"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/cumulus/client/consensus/proposer/Cargo.toml b/cumulus/client/consensus/proposer/Cargo.toml
index f7edbc695e38..29720a8f4791 100644
--- a/cumulus/client/consensus/proposer/Cargo.toml
+++ b/cumulus/client/consensus/proposer/Cargo.toml
@@ -8,7 +8,7 @@ edition.workspace = true
 [dependencies]
 anyhow = "1.0"
 async-trait = "0.1.73"
-thiserror = "1.0.47"
+thiserror = "1.0.48"
 
 # Substrate
 sp-consensus = { path = "../../../../substrate/primitives/consensus/common" }
diff --git a/cumulus/client/relay-chain-interface/Cargo.toml b/cumulus/client/relay-chain-interface/Cargo.toml
index b81cc1b47807..3da7ab0b0e82 100644
--- a/cumulus/client/relay-chain-interface/Cargo.toml
+++ b/cumulus/client/relay-chain-interface/Cargo.toml
@@ -16,6 +16,6 @@ sc-client-api = { path = "../../../substrate/client/api" }
 
 futures = "0.3.28"
 async-trait = "0.1.73"
-thiserror = "1.0.47"
+thiserror = "1.0.48"
 jsonrpsee-core = "0.16.2"
 parity-scale-codec = "3.6.4"
diff --git a/cumulus/client/relay-chain-rpc-interface/Cargo.toml b/cumulus/client/relay-chain-rpc-interface/Cargo.toml
index 9797c512505c..305ab82b064c 100644
--- a/cumulus/client/relay-chain-rpc-interface/Cargo.toml
+++ b/cumulus/client/relay-chain-rpc-interface/Cargo.toml
@@ -38,6 +38,6 @@ schnellru = "0.2.1"
 smoldot = { version = "0.11.0",  default_features = false, features = ["std"]}
 smoldot-light = { version = "0.9.0", default_features = false, features = ["std"] }
 either = "1.8.1"
-thiserror = "1.0.38"
+thiserror = "1.0.48"
 rand = "0.8.5"
 pin-project = "1.1.3"
diff --git a/polkadot/cli/Cargo.toml b/polkadot/cli/Cargo.toml
index bcb4f2ac1308..c8c3f91f9835 100644
--- a/polkadot/cli/Cargo.toml
+++ b/polkadot/cli/Cargo.toml
@@ -17,7 +17,7 @@ crate-type = ["cdylib", "rlib"]
 [dependencies]
 clap = { version = "4.4.2", features = ["derive"], optional = true }
 log = "0.4.17"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 futures = "0.3.21"
 pyro = { package = "pyroscope", version = "0.5.3", optional = true }
 pyroscope_pprofrs = { version = "0.2", optional = true }
diff --git a/polkadot/erasure-coding/Cargo.toml b/polkadot/erasure-coding/Cargo.toml
index f74a88038825..d07b77ec4ddf 100644
--- a/polkadot/erasure-coding/Cargo.toml
+++ b/polkadot/erasure-coding/Cargo.toml
@@ -12,7 +12,7 @@ novelpoly = { package = "reed-solomon-novelpoly", version = "1.0.0" }
 parity-scale-codec = { version = "3.6.1", default-features = false, features = ["std", "derive"] }
 sp-core = { path = "../../substrate/primitives/core" }
 sp-trie = { path = "../../substrate/primitives/trie" }
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 
 [dev-dependencies]
 criterion = { version = "0.4.0", default-features = false, features = ["cargo_bench_support"] }
diff --git a/polkadot/node/collation-generation/Cargo.toml b/polkadot/node/collation-generation/Cargo.toml
index e2870dc2cc8a..b110540140f9 100644
--- a/polkadot/node/collation-generation/Cargo.toml
+++ b/polkadot/node/collation-generation/Cargo.toml
@@ -15,7 +15,7 @@ polkadot-node-subsystem-util = { path = "../subsystem-util" }
 polkadot-primitives = { path = "../../primitives" }
 sp-core = { path = "../../../substrate/primitives/core" }
 sp-maybe-compressed-blob  = { path = "../../../substrate/primitives/maybe-compressed-blob" }
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 parity-scale-codec = { version = "3.6.1", default-features = false, features = ["bit-vec", "derive"] }
 
 [dev-dependencies]
diff --git a/polkadot/node/core/approval-voting/Cargo.toml b/polkadot/node/core/approval-voting/Cargo.toml
index 307d9947a961..acad0d1fa4e4 100644
--- a/polkadot/node/core/approval-voting/Cargo.toml
+++ b/polkadot/node/core/approval-voting/Cargo.toml
@@ -16,7 +16,7 @@ merlin = "2.0"
 schnorrkel = "0.9.1"
 kvdb = "0.13.0"
 derive_more = "0.99.17"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 
 polkadot-node-subsystem = { path = "../../subsystem" }
 polkadot-node-subsystem-util = { path = "../../subsystem-util" }
diff --git a/polkadot/node/core/av-store/Cargo.toml b/polkadot/node/core/av-store/Cargo.toml
index efbbb27754e2..955fe37d7c39 100644
--- a/polkadot/node/core/av-store/Cargo.toml
+++ b/polkadot/node/core/av-store/Cargo.toml
@@ -9,7 +9,7 @@ license.workspace = true
 futures = "0.3.21"
 futures-timer = "3.0.2"
 kvdb = "0.13.0"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 gum = { package = "tracing-gum", path = "../../gum" }
 bitvec = "1.0.0"
 
diff --git a/polkadot/node/core/backing/Cargo.toml b/polkadot/node/core/backing/Cargo.toml
index 0005f6f6a30d..e7e6358e8a46 100644
--- a/polkadot/node/core/backing/Cargo.toml
+++ b/polkadot/node/core/backing/Cargo.toml
@@ -16,7 +16,7 @@ erasure-coding = { package = "polkadot-erasure-coding", path = "../../../erasure
 statement-table = { package = "polkadot-statement-table", path = "../../../statement-table" }
 bitvec = { version = "1.0.0", default-features = false, features = ["alloc"] }
 gum = { package = "tracing-gum", path = "../../gum" }
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 fatality = "0.0.6"
 
 [dev-dependencies]
diff --git a/polkadot/node/core/bitfield-signing/Cargo.toml b/polkadot/node/core/bitfield-signing/Cargo.toml
index c2df6cc709e6..de38d18d9706 100644
--- a/polkadot/node/core/bitfield-signing/Cargo.toml
+++ b/polkadot/node/core/bitfield-signing/Cargo.toml
@@ -13,7 +13,7 @@ polkadot-node-subsystem = { path = "../../subsystem" }
 polkadot-node-subsystem-util = { path = "../../subsystem-util" }
 sp-keystore = { path = "../../../../substrate/primitives/keystore" }
 wasm-timer = "0.2.5"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 
 [dev-dependencies]
 polkadot-node-subsystem-test-helpers = { path = "../../subsystem-test-helpers" }
diff --git a/polkadot/node/core/chain-selection/Cargo.toml b/polkadot/node/core/chain-selection/Cargo.toml
index 57ba7908315b..7678379870e0 100644
--- a/polkadot/node/core/chain-selection/Cargo.toml
+++ b/polkadot/node/core/chain-selection/Cargo.toml
@@ -15,7 +15,7 @@ polkadot-node-primitives = { path = "../../primitives" }
 polkadot-node-subsystem = { path = "../../subsystem" }
 polkadot-node-subsystem-util = { path = "../../subsystem-util" }
 kvdb = "0.13.0"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 parity-scale-codec = "3.6.1"
 
 [dev-dependencies]
diff --git a/polkadot/node/core/dispute-coordinator/Cargo.toml b/polkadot/node/core/dispute-coordinator/Cargo.toml
index c49bd507127d..6061c52b7e81 100644
--- a/polkadot/node/core/dispute-coordinator/Cargo.toml
+++ b/polkadot/node/core/dispute-coordinator/Cargo.toml
@@ -10,7 +10,7 @@ futures = "0.3.21"
 gum = { package = "tracing-gum", path = "../../gum" }
 parity-scale-codec = "3.6.1"
 kvdb = "0.13.0"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 schnellru = "0.2.1"
 fatality = "0.0.6"
 
diff --git a/polkadot/node/core/parachains-inherent/Cargo.toml b/polkadot/node/core/parachains-inherent/Cargo.toml
index 515d70dad827..18d91dcfb565 100644
--- a/polkadot/node/core/parachains-inherent/Cargo.toml
+++ b/polkadot/node/core/parachains-inherent/Cargo.toml
@@ -9,7 +9,7 @@ license.workspace = true
 futures = "0.3.21"
 futures-timer = "3.0.2"
 gum = { package = "tracing-gum", path = "../../gum" }
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 async-trait = "0.1.57"
 polkadot-node-subsystem = { path = "../../subsystem" }
 polkadot-overseer = { path = "../../overseer" }
diff --git a/polkadot/node/core/prospective-parachains/Cargo.toml b/polkadot/node/core/prospective-parachains/Cargo.toml
index 9fa17ec0c154..77a59d87f3fa 100644
--- a/polkadot/node/core/prospective-parachains/Cargo.toml
+++ b/polkadot/node/core/prospective-parachains/Cargo.toml
@@ -9,7 +9,7 @@ license.workspace = true
 futures = "0.3.19"
 gum = { package = "tracing-gum", path = "../../gum" }
 parity-scale-codec = "3.6.4"
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 fatality = "0.0.6"
 bitvec = "1"
 
diff --git a/polkadot/node/core/provisioner/Cargo.toml b/polkadot/node/core/provisioner/Cargo.toml
index dc7914171668..05ea92caa976 100644
--- a/polkadot/node/core/provisioner/Cargo.toml
+++ b/polkadot/node/core/provisioner/Cargo.toml
@@ -9,7 +9,7 @@ license.workspace = true
 bitvec = { version = "1.0.0", default-features = false, features = ["alloc"] }
 futures = "0.3.21"
 gum = { package = "tracing-gum", path = "../../gum" }
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 polkadot-primitives = { path = "../../../primitives" }
 polkadot-node-primitives = { path = "../../primitives" }
 polkadot-node-subsystem = { path = "../../subsystem" }
diff --git a/polkadot/node/core/pvf-checker/Cargo.toml b/polkadot/node/core/pvf-checker/Cargo.toml
index 783ac19009a3..0326a20e5a52 100644
--- a/polkadot/node/core/pvf-checker/Cargo.toml
+++ b/polkadot/node/core/pvf-checker/Cargo.toml
@@ -8,7 +8,7 @@ license.workspace = true
 
 [dependencies]
 futures = "0.3.21"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 gum = { package = "tracing-gum", path = "../../gum" }
 
 polkadot-node-primitives = { path = "../../primitives" }
diff --git a/polkadot/node/jaeger/Cargo.toml b/polkadot/node/jaeger/Cargo.toml
index 7b4b5e1c8bce..fcfbbaec611e 100644
--- a/polkadot/node/jaeger/Cargo.toml
+++ b/polkadot/node/jaeger/Cargo.toml
@@ -14,7 +14,7 @@ polkadot-primitives = { path = "../../primitives" }
 polkadot-node-primitives = { path = "../primitives" }
 sc-network = { path = "../../../substrate/client/network" }
 sp-core = { path = "../../../substrate/primitives/core" }
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 tokio = "1.24.2"
 log = "0.4.17"
 parity-scale-codec = { version = "3.6.1", default-features = false }
diff --git a/polkadot/node/network/availability-distribution/Cargo.toml b/polkadot/node/network/availability-distribution/Cargo.toml
index 581192e9560f..c3c7aa4e0ea5 100644
--- a/polkadot/node/network/availability-distribution/Cargo.toml
+++ b/polkadot/node/network/availability-distribution/Cargo.toml
@@ -17,7 +17,7 @@ polkadot-node-subsystem-util = { path = "../../subsystem-util" }
 polkadot-node-primitives = { path = "../../primitives" }
 sp-core = { path = "../../../../substrate/primitives/core", features = ["std"] }
 sp-keystore = { path = "../../../../substrate/primitives/keystore" }
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 rand = "0.8.5"
 derive_more = "0.99.17"
 schnellru = "0.2.1"
diff --git a/polkadot/node/network/availability-recovery/Cargo.toml b/polkadot/node/network/availability-recovery/Cargo.toml
index bf95fb1e9f4c..07ff09c7e70e 100644
--- a/polkadot/node/network/availability-recovery/Cargo.toml
+++ b/polkadot/node/network/availability-recovery/Cargo.toml
@@ -10,7 +10,7 @@ futures = "0.3.21"
 schnellru = "0.2.1"
 rand = "0.8.5"
 fatality = "0.0.6"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 gum = { package = "tracing-gum", path = "../../gum" }
 
 polkadot-erasure-coding = { path = "../../../erasure-coding" }
diff --git a/polkadot/node/network/collator-protocol/Cargo.toml b/polkadot/node/network/collator-protocol/Cargo.toml
index ac6284b305bd..e5328cf16629 100644
--- a/polkadot/node/network/collator-protocol/Cargo.toml
+++ b/polkadot/node/network/collator-protocol/Cargo.toml
@@ -21,7 +21,7 @@ polkadot-node-primitives = { path = "../../primitives" }
 polkadot-node-subsystem-util = { path = "../../subsystem-util" }
 polkadot-node-subsystem = { path = "../../subsystem" }
 fatality = "0.0.6"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 tokio-util = "0.7.1"
 
 [dev-dependencies]
diff --git a/polkadot/node/network/dispute-distribution/Cargo.toml b/polkadot/node/network/dispute-distribution/Cargo.toml
index ece89f34c88d..5d8e245d289a 100644
--- a/polkadot/node/network/dispute-distribution/Cargo.toml
+++ b/polkadot/node/network/dispute-distribution/Cargo.toml
@@ -20,7 +20,7 @@ polkadot-node-primitives = { path = "../../primitives" }
 sc-network = { path = "../../../../substrate/client/network" }
 sp-application-crypto = { path = "../../../../substrate/primitives/application-crypto" }
 sp-keystore = { path = "../../../../substrate/primitives/keystore" }
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 fatality = "0.0.6"
 schnellru = "0.2.1"
 indexmap = "1.9.1"
diff --git a/polkadot/node/network/protocol/Cargo.toml b/polkadot/node/network/protocol/Cargo.toml
index 2a56f197b854..c33b9eae3252 100644
--- a/polkadot/node/network/protocol/Cargo.toml
+++ b/polkadot/node/network/protocol/Cargo.toml
@@ -18,7 +18,7 @@ sc-network = { path = "../../../../substrate/client/network" }
 sc-authority-discovery = { path = "../../../../substrate/client/authority-discovery" }
 strum = { version = "0.24", features = ["derive"] }
 futures = "0.3.21"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 fatality = "0.0.6"
 rand = "0.8"
 derive_more = "0.99"
diff --git a/polkadot/node/network/statement-distribution/Cargo.toml b/polkadot/node/network/statement-distribution/Cargo.toml
index 5ff1ba9de02b..bf516e7b7ba9 100644
--- a/polkadot/node/network/statement-distribution/Cargo.toml
+++ b/polkadot/node/network/statement-distribution/Cargo.toml
@@ -21,7 +21,7 @@ polkadot-node-network-protocol = { path = "../protocol" }
 arrayvec = "0.7.4"
 indexmap = "1.9.1"
 parity-scale-codec = { version = "3.6.1", default-features = false, features = ["derive"] }
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 fatality = "0.0.6"
 bitvec = "1"
 
diff --git a/polkadot/node/primitives/Cargo.toml b/polkadot/node/primitives/Cargo.toml
index ef03c02f7bc6..55dfa6738709 100644
--- a/polkadot/node/primitives/Cargo.toml
+++ b/polkadot/node/primitives/Cargo.toml
@@ -19,7 +19,7 @@ sp-maybe-compressed-blob = { path = "../../../substrate/primitives/maybe-compres
 sp-runtime = { path = "../../../substrate/primitives/runtime" }
 polkadot-parachain-primitives = { path = "../../parachain", default-features = false }
 schnorrkel = "0.9.1"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 serde = { version = "1.0.188", features = ["derive"] }
 
 [target.'cfg(not(target_os = "unknown"))'.dependencies]
diff --git a/polkadot/node/service/Cargo.toml b/polkadot/node/service/Cargo.toml
index 90881aa051a0..03814af19cd2 100644
--- a/polkadot/node/service/Cargo.toml
+++ b/polkadot/node/service/Cargo.toml
@@ -79,7 +79,7 @@ hex-literal = "0.4.1"
 gum = { package = "tracing-gum", path = "../gum" }
 serde = { version = "1.0.188", features = ["derive"] }
 serde_json = "1.0.96"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 kvdb = "0.13.0"
 kvdb-rocksdb = { version = "0.19.0", optional = true }
 parity-db = { version = "0.4.8", optional = true }
diff --git a/polkadot/node/subsystem-types/Cargo.toml b/polkadot/node/subsystem-types/Cargo.toml
index 7ca3a0faf31a..317b079a316c 100644
--- a/polkadot/node/subsystem-types/Cargo.toml
+++ b/polkadot/node/subsystem-types/Cargo.toml
@@ -22,5 +22,5 @@ sp-authority-discovery = { path = "../../../substrate/primitives/authority-disco
 sc-transaction-pool-api = { path = "../../../substrate/client/transaction-pool/api" }
 smallvec = "1.8.0"
 substrate-prometheus-endpoint = { path = "../../../substrate/utils/prometheus" }
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 async-trait = "0.1.57"
diff --git a/polkadot/node/subsystem-util/Cargo.toml b/polkadot/node/subsystem-util/Cargo.toml
index d243a90a2bd6..204df0dad117 100644
--- a/polkadot/node/subsystem-util/Cargo.toml
+++ b/polkadot/node/subsystem-util/Cargo.toml
@@ -15,7 +15,7 @@ parity-scale-codec = { version = "3.6.1", default-features = false, features = [
 parking_lot = "0.11.2"
 pin-project = "1.0.9"
 rand = "0.8.5"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 fatality = "0.0.6"
 gum = { package = "tracing-gum", path = "../gum" }
 derive_more = "0.99.17"
diff --git a/polkadot/node/test/performance-test/Cargo.toml b/polkadot/node/test/performance-test/Cargo.toml
index 98b67615a6f2..5747ac88b1e4 100644
--- a/polkadot/node/test/performance-test/Cargo.toml
+++ b/polkadot/node/test/performance-test/Cargo.toml
@@ -7,7 +7,7 @@ edition.workspace = true
 license.workspace = true
 
 [dependencies]
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 quote = "1.0.28"
 env_logger = "0.9"
 log = "0.4"
diff --git a/polkadot/node/zombienet-backchannel/Cargo.toml b/polkadot/node/zombienet-backchannel/Cargo.toml
index 3d59a4a3cddc..9bf56b550bbc 100644
--- a/polkadot/node/zombienet-backchannel/Cargo.toml
+++ b/polkadot/node/zombienet-backchannel/Cargo.toml
@@ -16,7 +16,7 @@ futures-util = "0.3.23"
 lazy_static = "1.4.0"
 parity-scale-codec = { version = "3.6.1", features = ["derive"] }
 reqwest = { version = "0.11", features = ["rustls-tls"], default-features = false }
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 gum = { package = "tracing-gum", path = "../gum" }
 serde = { version = "1.0", features = ["derive"] }
 serde_json = "1"
diff --git a/polkadot/utils/staking-miner/Cargo.toml b/polkadot/utils/staking-miner/Cargo.toml
index 09e73bc10f2d..4b012e3ac73f 100644
--- a/polkadot/utils/staking-miner/Cargo.toml
+++ b/polkadot/utils/staking-miner/Cargo.toml
@@ -19,7 +19,7 @@ log = "0.4.17"
 paste = "1.0.7"
 serde = "1.0.188"
 serde_json = "1.0"
-thiserror = "1.0.31"
+thiserror = "1.0.48"
 tokio = { version = "1.24.2", features = ["macros", "rt-multi-thread", "sync"] }
 remote-externalities = { package = "frame-remote-externalities" , path = "../../../substrate/utils/frame/remote-externalities" }
 signal-hook-tokio = { version = "0.3", features = ["futures-v0_3"] }
diff --git a/substrate/client/allocator/Cargo.toml b/substrate/client/allocator/Cargo.toml
index ffbfe14e86c2..31c714180ce5 100644
--- a/substrate/client/allocator/Cargo.toml
+++ b/substrate/client/allocator/Cargo.toml
@@ -15,6 +15,6 @@ targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
 log = "0.4.17"
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 sp-core = { path = "../../primitives/core" }
 sp-wasm-interface = { path = "../../primitives/wasm-interface" }
diff --git a/substrate/client/api/Cargo.toml b/substrate/client/api/Cargo.toml
index 43545095c0ea..b59149424ed3 100644
--- a/substrate/client/api/Cargo.toml
+++ b/substrate/client/api/Cargo.toml
@@ -37,6 +37,6 @@ sp-statement-store = { path = "../../primitives/statement-store" }
 sp-storage = { path = "../../primitives/storage" }
 
 [dev-dependencies]
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 sp-test-primitives = { path = "../../primitives/test-primitives" }
 substrate-test-runtime = { path = "../../test-utils/runtime" }
diff --git a/substrate/client/cli/Cargo.toml b/substrate/client/cli/Cargo.toml
index 917cdc04d1d9..06967a890931 100644
--- a/substrate/client/cli/Cargo.toml
+++ b/substrate/client/cli/Cargo.toml
@@ -27,7 +27,7 @@ regex = "1.6.0"
 rpassword = "7.0.0"
 serde = "1.0.188"
 serde_json = "1.0.85"
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 tiny-bip39 = "1.0.0"
 tokio = { version = "1.22.0", features = ["signal", "rt-multi-thread", "parking_lot"] }
 sc-client-api = { path = "../api" }
diff --git a/substrate/client/consensus/common/Cargo.toml b/substrate/client/consensus/common/Cargo.toml
index c9b3f221ecc0..f269e3752d43 100644
--- a/substrate/client/consensus/common/Cargo.toml
+++ b/substrate/client/consensus/common/Cargo.toml
@@ -21,7 +21,7 @@ log = "0.4.17"
 mockall = "0.11.3"
 parking_lot = "0.12.1"
 serde = { version = "1.0", features = ["derive"] }
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 prometheus-endpoint = { package = "substrate-prometheus-endpoint", path = "../../../utils/prometheus" }
 sc-client-api = { path = "../../api" }
 sc-utils = { path = "../../utils" }
diff --git a/substrate/client/executor/common/Cargo.toml b/substrate/client/executor/common/Cargo.toml
index e84b9f9c85b8..5118279b43b4 100644
--- a/substrate/client/executor/common/Cargo.toml
+++ b/substrate/client/executor/common/Cargo.toml
@@ -14,7 +14,7 @@ readme = "README.md"
 targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 wasm-instrument = "0.3"
 sc-allocator = { path = "../../allocator" }
 sp-maybe-compressed-blob = { path = "../../../primitives/maybe-compressed-blob" }
diff --git a/substrate/client/service/Cargo.toml b/substrate/client/service/Cargo.toml
index 6f794d93fed3..87b341fe3123 100644
--- a/substrate/client/service/Cargo.toml
+++ b/substrate/client/service/Cargo.toml
@@ -26,7 +26,7 @@ runtime-benchmarks = [
 
 [dependencies]
 jsonrpsee = { version = "0.16.2", features = ["server"] }
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 futures = "0.3.21"
 rand = "0.8.5"
 parking_lot = "0.12.1"
diff --git a/substrate/client/storage-monitor/Cargo.toml b/substrate/client/storage-monitor/Cargo.toml
index c5b71260f97e..5354819e3a38 100644
--- a/substrate/client/storage-monitor/Cargo.toml
+++ b/substrate/client/storage-monitor/Cargo.toml
@@ -15,4 +15,4 @@ fs4 = "0.6.3"
 sc-client-db = { path = "../db", default-features = false}
 sp-core = { path = "../../primitives/core" }
 tokio = "1.22.0"
-thiserror = "1.0.30"
+thiserror = "1.0.48"
diff --git a/substrate/client/sync-state-rpc/Cargo.toml b/substrate/client/sync-state-rpc/Cargo.toml
index 59cc6ba40481..88d268cc93d9 100644
--- a/substrate/client/sync-state-rpc/Cargo.toml
+++ b/substrate/client/sync-state-rpc/Cargo.toml
@@ -16,7 +16,7 @@ codec = { package = "parity-scale-codec", version = "3.6.1" }
 jsonrpsee = { version = "0.16.2", features = ["client-core", "server", "macros"] }
 serde = { version = "1.0.188", features = ["derive"] }
 serde_json = "1.0.85"
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 sc-chain-spec = { path = "../chain-spec" }
 sc-client-api = { path = "../api" }
 sc-consensus-babe = { path = "../consensus/babe" }
diff --git a/substrate/client/telemetry/Cargo.toml b/substrate/client/telemetry/Cargo.toml
index 153629129091..2be5ad5c1435 100644
--- a/substrate/client/telemetry/Cargo.toml
+++ b/substrate/client/telemetry/Cargo.toml
@@ -24,5 +24,5 @@ sc-utils = { path = "../utils" }
 rand = "0.8.5"
 serde = { version = "1.0.188", features = ["derive"] }
 serde_json = "1.0.85"
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 wasm-timer = "0.2.5"
diff --git a/substrate/client/tracing/Cargo.toml b/substrate/client/tracing/Cargo.toml
index c9cd6ca313cd..ffcbf0749083 100644
--- a/substrate/client/tracing/Cargo.toml
+++ b/substrate/client/tracing/Cargo.toml
@@ -23,7 +23,7 @@ parking_lot = "0.12.1"
 regex = "1.6.0"
 rustc-hash = "1.1.0"
 serde = "1.0.188"
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 tracing = "0.1.29"
 tracing-log = "0.1.3"
 tracing-subscriber = { version = "0.2.25", features = ["parking_lot"] }
diff --git a/substrate/client/transaction-pool/Cargo.toml b/substrate/client/transaction-pool/Cargo.toml
index 0e502cb39fba..b893dc839edd 100644
--- a/substrate/client/transaction-pool/Cargo.toml
+++ b/substrate/client/transaction-pool/Cargo.toml
@@ -21,7 +21,7 @@ linked-hash-map = "0.5.4"
 log = "0.4.17"
 parking_lot = "0.12.1"
 serde = { version = "1.0.188", features = ["derive"] }
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 prometheus-endpoint = { package = "substrate-prometheus-endpoint", path = "../../utils/prometheus" }
 sc-client-api = { path = "../api" }
 sc-transaction-pool-api = { path = "api" }
diff --git a/substrate/client/transaction-pool/api/Cargo.toml b/substrate/client/transaction-pool/api/Cargo.toml
index edab1304e01c..5ff5a4149ca9 100644
--- a/substrate/client/transaction-pool/api/Cargo.toml
+++ b/substrate/client/transaction-pool/api/Cargo.toml
@@ -14,7 +14,7 @@ codec = { package = "parity-scale-codec", version = "3.6.1" }
 futures = "0.3.21"
 log = "0.4.17"
 serde = { version = "1.0.188", features = ["derive"] }
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 sp-blockchain = { path = "../../../primitives/blockchain" }
 sp-core = { path = "../../../primitives/core", default-features = false}
 sp-runtime = { path = "../../../primitives/runtime", default-features = false}
diff --git a/substrate/primitives/api/Cargo.toml b/substrate/primitives/api/Cargo.toml
index c5611b22017c..95b5dde37139 100644
--- a/substrate/primitives/api/Cargo.toml
+++ b/substrate/primitives/api/Cargo.toml
@@ -23,7 +23,7 @@ sp-version = { path = "../version", default-features = false}
 sp-state-machine = { path = "../state-machine", default-features = false, optional = true}
 sp-trie = { path = "../trie", default-features = false, optional = true}
 hash-db = { version = "0.16.0", optional = true }
-thiserror = { version = "1.0.30", optional = true }
+thiserror = { version = "1.0.48", optional = true }
 scale-info = { version = "2.1.1", default-features = false, features = ["derive"] }
 sp-metadata-ir = { path = "../metadata-ir", default-features = false, optional = true}
 log = { version = "0.4.17", default-features = false }
diff --git a/substrate/primitives/blockchain/Cargo.toml b/substrate/primitives/blockchain/Cargo.toml
index 418f94589857..33db09ce0ac2 100644
--- a/substrate/primitives/blockchain/Cargo.toml
+++ b/substrate/primitives/blockchain/Cargo.toml
@@ -19,7 +19,7 @@ futures = "0.3.21"
 log = "0.4.17"
 parking_lot = "0.12.1"
 schnellru = "0.2.1"
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 sp-api = { path = "../api" }
 sp-consensus = { path = "../consensus/common" }
 sp-database = { path = "../database" }
diff --git a/substrate/primitives/consensus/common/Cargo.toml b/substrate/primitives/consensus/common/Cargo.toml
index 284e00b272e6..e8f6b806f8c6 100644
--- a/substrate/primitives/consensus/common/Cargo.toml
+++ b/substrate/primitives/consensus/common/Cargo.toml
@@ -17,7 +17,7 @@ targets = ["x86_64-unknown-linux-gnu"]
 async-trait = "0.1.57"
 futures = { version = "0.3.21", features = ["thread-pool"] }
 log = "0.4.17"
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 sp-core = { path = "../../core" }
 sp-inherents = { path = "../../inherents" }
 sp-runtime = { path = "../../runtime" }
diff --git a/substrate/primitives/core/Cargo.toml b/substrate/primitives/core/Cargo.toml
index efcaad1a6f61..4e5186f16878 100644
--- a/substrate/primitives/core/Cargo.toml
+++ b/substrate/primitives/core/Cargo.toml
@@ -39,7 +39,7 @@ sp-storage = { path = "../storage", default-features = false}
 sp-externalities = { path = "../externalities", optional = true}
 futures = { version = "0.3.21", optional = true }
 dyn-clonable = { version = "0.9.0", optional = true }
-thiserror = { version = "1.0.30", optional = true }
+thiserror = { version = "1.0.48", optional = true }
 tracing = { version = "0.1.29", optional = true }
 bitflags = "1.3"
 paste = "1.0.7"
diff --git a/substrate/primitives/inherents/Cargo.toml b/substrate/primitives/inherents/Cargo.toml
index d3ac94aa5fb3..aa0aa95b3f8d 100644
--- a/substrate/primitives/inherents/Cargo.toml
+++ b/substrate/primitives/inherents/Cargo.toml
@@ -18,7 +18,7 @@ async-trait = { version = "0.1.57", optional = true }
 codec = { package = "parity-scale-codec", version = "3.6.1", default-features = false, features = ["derive"] }
 scale-info = { version = "2.5.0", default-features = false, features = ["derive"] }
 impl-trait-for-tuples = "0.2.2"
-thiserror = { version = "1.0.30", optional = true }
+thiserror = { version = "1.0.48", optional = true }
 sp-runtime = { path = "../runtime", default-features = false, optional = true}
 sp-std = { path = "../std", default-features = false}
 
diff --git a/substrate/primitives/state-machine/Cargo.toml b/substrate/primitives/state-machine/Cargo.toml
index 3ab21308c3c8..8546345e5cae 100644
--- a/substrate/primitives/state-machine/Cargo.toml
+++ b/substrate/primitives/state-machine/Cargo.toml
@@ -20,7 +20,7 @@ log = { version = "0.4.17", default-features = false }
 parking_lot = { version = "0.12.1", optional = true }
 rand = { version = "0.8.5", optional = true }
 smallvec = "1.11.0"
-thiserror = { version = "1.0.30", optional = true }
+thiserror = { version = "1.0.48", optional = true }
 tracing = { version = "0.1.29", optional = true }
 sp-core = { path = "../core", default-features = false}
 sp-externalities = { path = "../externalities", default-features = false}
diff --git a/substrate/primitives/timestamp/Cargo.toml b/substrate/primitives/timestamp/Cargo.toml
index 7de2a7d904d0..44b0fdd831c0 100644
--- a/substrate/primitives/timestamp/Cargo.toml
+++ b/substrate/primitives/timestamp/Cargo.toml
@@ -15,7 +15,7 @@ targets = ["x86_64-unknown-linux-gnu"]
 [dependencies]
 async-trait = { version = "0.1.57", optional = true }
 codec = { package = "parity-scale-codec", version = "3.6.1", default-features = false, features = ["derive"] }
-thiserror = { version = "1.0.30", optional = true }
+thiserror = { version = "1.0.48", optional = true }
 sp-inherents = { path = "../inherents", default-features = false}
 sp-runtime = { path = "../runtime", default-features = false}
 sp-std = { path = "../std", default-features = false}
diff --git a/substrate/primitives/trie/Cargo.toml b/substrate/primitives/trie/Cargo.toml
index 31eb009328c1..0bce597414b1 100644
--- a/substrate/primitives/trie/Cargo.toml
+++ b/substrate/primitives/trie/Cargo.toml
@@ -27,7 +27,7 @@ memory-db = { version = "0.32.0", default-features = false }
 nohash-hasher = { version = "0.2.0", optional = true }
 parking_lot = { version = "0.12.1", optional = true }
 scale-info = { version = "2.5.0", default-features = false, features = ["derive"] }
-thiserror = { version = "1.0.30", optional = true }
+thiserror = { version = "1.0.48", optional = true }
 tracing = { version = "0.1.29", optional = true }
 trie-db = { version = "0.27.0", default-features = false }
 trie-root = { version = "0.18.0", default-features = false }
diff --git a/substrate/primitives/version/Cargo.toml b/substrate/primitives/version/Cargo.toml
index 3002566f74ff..1ab51a08bbe3 100644
--- a/substrate/primitives/version/Cargo.toml
+++ b/substrate/primitives/version/Cargo.toml
@@ -19,7 +19,7 @@ impl-serde = { version = "0.4.0", default-features = false, optional = true }
 parity-wasm = { version = "0.45", optional = true }
 scale-info = { version = "2.5.0", default-features = false, features = ["derive"] }
 serde = { version = "1.0.188",  default-features = false, features = ["derive", "alloc"], optional = true }
-thiserror = { version = "1.0.30", optional = true }
+thiserror = { version = "1.0.48", optional = true }
 sp-core-hashing-proc-macro = { path = "../core/hashing/proc-macro" }
 sp-runtime = { path = "../runtime", default-features = false}
 sp-std = { path = "../std", default-features = false}
diff --git a/substrate/utils/frame/benchmarking-cli/Cargo.toml b/substrate/utils/frame/benchmarking-cli/Cargo.toml
index 096e4be82d4b..85be451fa60c 100644
--- a/substrate/utils/frame/benchmarking-cli/Cargo.toml
+++ b/substrate/utils/frame/benchmarking-cli/Cargo.toml
@@ -28,7 +28,7 @@ rand = { version = "0.8.4", features = ["small_rng"] }
 rand_pcg = "0.3.1"
 serde = "1.0.188"
 serde_json = "1.0.85"
-thiserror = "1.0.30"
+thiserror = "1.0.48"
 thousands = "0.2.0"
 frame-benchmarking = { path = "../../../frame/benchmarking" }
 frame-support = { path = "../../../frame/support" }