diff --git a/pyproject.toml b/pyproject.toml
new file mode 100644
index 0000000..955c9a9
--- /dev/null
+++ b/pyproject.toml
@@ -0,0 +1,32 @@
+[build-system]
+requires = ["setuptools", "setuptools-scm"]
+build-backend = "setuptools.build_meta"
+
+[project]
+name = "random_events"
+authors = [
+  { name="Tom Schierenbeck", email="tom_sch@uni-bremen.de" },
+]
+description = "Random random events for probabilistic reasoning"
+readme = "README.md"
+requires-python = ">=3.6"
+classifiers = [
+    "Programming Language :: Python :: 3",
+    "License :: OSI Approved :: MIT License",
+    "Operating System :: OS Independent",
+]
+keywords=["random events", "probabilistic machine learning", "probability theory", "variables",
+    "reasoning under uncertainty"]
+dynamic = ["version"]
+
+[project.urls]
+"Source" = 'https://github.com/tomsch420/random-events'
+"Bug Tracker" = 'https://github.com/tomsch420/random-events/issues'
+
+[tool.setuptools.packages.find]
+where = ["src"]  # list of folders that contain the packages (["."] by default)
+include = ["random_events*"]
+
+[tool.setuptools.dynamic]
+version = {attr = "random_events.__version__"}
+dependencies = {file = "requirements.txt"}
\ No newline at end of file
diff --git a/setup.py b/setup.py
deleted file mode 100644
index f71c47e..0000000
--- a/setup.py
+++ /dev/null
@@ -1,40 +0,0 @@
-import codecs
-import os
-
-from setuptools import setup
-
-long_description = """Probabilistic Machine Learning frequently requires descriptions of random variables and events
-that are shared among many packages.This package provides a common interface for describing random variables and events,
- providing usable and easily extensible classes."""
-
-
-def read(rel_path):
-    here = os.path.abspath(os.path.dirname(__file__))
-    with codecs.open(os.path.join(here, rel_path), 'r') as fp:
-        return fp.read()
-
-
-def get_version(rel_path):
-    for line in read(rel_path).splitlines():
-        if line.startswith('__version__'):
-            delim = '"' if '"' in line else "'"
-            return line.split(delim)[1]
-    else:
-        raise RuntimeError("Unable to find version string.")
-
-
-setup(name='random_events',
-      version=get_version(os.path.join("src", "random_events", "__init__.py")),
-      description='Define random events for probabilistic reasoning',
-      long_description=long_description,
-      long_description_content_type='text/plain',
-      author='Tom Schierenbeck',
-      author_email='tom_sch@uni-bremen.de',
-      url='https://github.com/tomsch420/random-events',
-      packages=['random_events'],
-      install_requires=["setuptools", "portion", "pydantic"],
-      keywords='random events probabilistic machine learning probability theory variables',
-      project_urls={'Source': 'https://github.com/tomsch420/random-events',
-                    'Documentation': 'TODO'},
-      python_requires='>=3.6',
-      package_dir={'': 'src'}, )