diff --git a/fabric-chaincode-shim/build.gradle b/fabric-chaincode-shim/build.gradle
index 0a4e9f42..ba1d88b7 100644
--- a/fabric-chaincode-shim/build.gradle
+++ b/fabric-chaincode-shim/build.gradle
@@ -59,7 +59,7 @@ dependencies {
     implementation 'io.opentelemetry:opentelemetry-sdk-trace'
     implementation 'io.opentelemetry:opentelemetry-exporter-otlp'
     implementation 'io.opentelemetry:opentelemetry-extension-trace-propagators'
-    implementation 'io.opentelemetry.semconv:opentelemetry-semconv:1.32.0'
+    implementation 'io.opentelemetry.semconv:opentelemetry-semconv:1.34.0'
     implementation 'io.opentelemetry.instrumentation:opentelemetry-grpc-1.6:2.16.0-alpha'
 }