diff --git a/CHANGELOG.md b/CHANGELOG.md
index e4f84af..c8d0e2c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,15 +1,29 @@
 # Changelog
 
+## Next release
+
+### Enhancements
+
+- Use an UPSERT SQL query to insert or update the projection version ([#52](https://github.com/commanded/commanded-ecto-projections/pull/52)).
+
 ## 1.3.0
 
+### Enhancements
+
 - Fix Elixir 1.14 compilation warnings ([#45](https://github.com/commanded/commanded-ecto-projections/pull/45)).
 
+---
+
 ## 1.2.1
 
+### Enhancements
+
 - Allow exceptions to be rescued by Commanded's event handler ([#37](https://github.com/commanded/commanded-ecto-projections/pull/37)).
 
 ## 1.2.0
 
+### Enhancements
+
 - Support runtime projector names ([#32](https://github.com/commanded/commanded-ecto-projections/pull/32)).
 - Support `schema_prefix/2` function ([#33](https://github.com/commanded/commanded-ecto-projections/pull/33)).
 
diff --git a/config/test.exs b/config/test.exs
index fbde7dd..b500053 100644
--- a/config/test.exs
+++ b/config/test.exs
@@ -13,5 +13,5 @@ config :commanded_ecto_projections, Commanded.Projections.Repo,
 
 config :ex_unit, capture_log: true
 
-# Print only warnings and errors during test
+# Print only warning and above log messages during tests
 config :logger, :console, level: :warning, format: "[$level] $message\n"
diff --git a/lib/projections/ecto.ex b/lib/projections/ecto.ex
index 6caa822..878f361 100644
--- a/lib/projections/ecto.ex
+++ b/lib/projections/ecto.ex
@@ -51,7 +51,6 @@ defmodule Commanded.Projections.Ecto do
       use Ecto.Schema
       use Commanded.Event.Handler, @handler_opts
 
-      import Ecto.Changeset
       import Ecto.Query
       import unquote(__MODULE__)
 
@@ -59,37 +58,40 @@ defmodule Commanded.Projections.Ecto do
         projection_name = Map.fetch!(metadata, :handler_name)
         event_number = Map.fetch!(metadata, :event_number)
 
-        changeset =
-          %ProjectionVersion{projection_name: projection_name}
-          |> ProjectionVersion.changeset(%{last_seen_event_number: event_number})
+        projection_version = %ProjectionVersion{
+          projection_name: projection_name,
+          last_seen_event_number: event_number
+        }
 
         prefix = schema_prefix(event, metadata)
 
+        # Query to update an existing projection version with the last seen event number with
+        # a check to ensure that the event has not already been projected.
+        update_projection_version =
+          from(pv in ProjectionVersion,
+            where:
+              pv.projection_name == ^projection_name and pv.last_seen_event_number < ^event_number,
+            update: [set: [last_seen_event_number: ^event_number]]
+          )
+
         multi =
           Ecto.Multi.new()
-          |> Ecto.Multi.run(:verify_projection_version, fn repo, _changes ->
-            version =
-              case repo.get(ProjectionVersion, projection_name, prefix: prefix) do
-                nil ->
-                  repo.insert!(
-                    %ProjectionVersion{
-                      projection_name: projection_name,
-                      last_seen_event_number: 0
-                    },
-                    prefix: prefix
-                  )
-
-                version ->
-                  version
-              end
-
-            if version.last_seen_event_number < event_number do
-              {:ok, %{version: version}}
-            else
-              {:error, :already_seen_event}
+          |> Ecto.Multi.run(:track_projection_version, fn repo, _changes ->
+            try do
+              repo.insert(projection_version,
+                prefix: prefix,
+                on_conflict: update_projection_version,
+                conflict_target: [:projection_name]
+              )
+            rescue
+              exception in Ecto.StaleEntryError ->
+                # Attempted to insert a projection version for an already seen event
+                {:error, :already_seen_event}
+
+              exception ->
+                reraise exception, __STACKTRACE__
             end
           end)
-          |> Ecto.Multi.update(:projection_version, changeset, prefix: prefix)
 
         with %Ecto.Multi{} = multi <- apply(multi_fn, [multi]),
              {:ok, changes} <- transaction(multi) do
@@ -99,7 +101,7 @@ defmodule Commanded.Projections.Ecto do
             :ok
           end
         else
-          {:error, :verify_projection_version, :already_seen_event, _changes} -> :ok
+          {:error, :track_projection_version, :already_seen_event, _changes} -> :ok
           {:error, _stage, error, _changes} -> {:error, error}
           {:error, _error} = reply -> reply
         end
@@ -202,11 +204,8 @@ defmodule Commanded.Projections.Ecto do
     quote do
       defmodule ProjectionVersion do
         @moduledoc false
-
         use Ecto.Schema
 
-        import Ecto.Changeset
-
         @primary_key {:projection_name, :string, []}
 
         schema "projection_versions" do
@@ -214,12 +213,6 @@ defmodule Commanded.Projections.Ecto do
 
           timestamps(type: :naive_datetime_usec)
         end
-
-        @required_fields ~w(last_seen_event_number)a
-
-        def changeset(model, params \\ :invalid) do
-          cast(model, params, @required_fields)
-        end
       end
     end
   end
diff --git a/mix.exs b/mix.exs
index 041e15c..83f38b2 100644
--- a/mix.exs
+++ b/mix.exs
@@ -37,13 +37,13 @@ defmodule Commanded.Projections.Ecto.Mixfile do
       {:postgrex, ">= 0.0.0", only: :test},
 
       # Optional dependencies
-      {:jason, "~> 1.3", optional: true},
+      {:jason, "~> 1.4", optional: true},
 
       # Test & build tooling
-      {:dialyxir, "~> 1.2", only: [:dev, :test], runtime: false},
+      {:dialyxir, "~> 1.4", only: [:dev, :test], runtime: false},
       {:ex_doc, ">= 0.0.0", only: :dev, runtime: false},
       {:mix_test_watch, "~> 1.1", only: :dev, runtime: false},
-      {:mox, "~> 1.0", only: :test}
+      {:mox, "~> 1.1", only: :test}
     ]
   end
 
diff --git a/test/projections/ecto_projection_test.exs b/test/projections/ecto_projection_test.exs
index a7211ed..7c76e27 100644
--- a/test/projections/ecto_projection_test.exs
+++ b/test/projections/ecto_projection_test.exs
@@ -68,6 +68,64 @@ defmodule Commanded.Projections.EctoProjectionTest do
     assert_seen_event("Projector", 3)
   end
 
+  test "should prevent first event being projected more than once" do
+    tasks =
+      Enum.map(1..5, fn _index ->
+        Task.async(Projector, :handle, [
+          %AnEvent{name: "Event1"},
+          %{handler_name: "Projector", event_number: 1}
+        ])
+      end)
+
+    results = Task.await_many(tasks)
+
+    assert Enum.uniq(results) == [:ok]
+
+    assert_projections(Projection, ["Event1"])
+    assert_seen_event("Projector", 1)
+  end
+
+  test "should prevent an event being projected more than once" do
+    Projector.handle(%AnEvent{name: "Event1"}, %{handler_name: "Projector", event_number: 1})
+    Projector.handle(%AnEvent{name: "Event2"}, %{handler_name: "Projector", event_number: 2})
+
+    tasks =
+      Enum.map(1..5, fn _index ->
+        Task.async(Projector, :handle, [
+          %AnEvent{name: "Event3"},
+          %{handler_name: "Projector", event_number: 3}
+        ])
+      end)
+
+    results = Task.await_many(tasks)
+
+    assert Enum.uniq(results) == [:ok]
+
+    assert_projections(Projection, ["Event1", "Event2", "Event3"])
+    assert_seen_event("Projector", 3)
+  end
+
+  test "should prevent an event being projected more than once after an ignored event" do
+    Projector.handle(%AnEvent{name: "Event1"}, %{handler_name: "Projector", event_number: 1})
+    Projector.handle(%AnEvent{name: "Event2"}, %{handler_name: "Projector", event_number: 2})
+    Projector.handle(%IgnoredEvent{name: "Event2"}, %{handler_name: "Projector", event_number: 3})
+
+    tasks =
+      Enum.map(1..5, fn _index ->
+        Task.async(Projector, :handle, [
+          %AnEvent{name: "Event4"},
+          %{handler_name: "Projector", event_number: 4}
+        ])
+      end)
+
+    results = Task.await_many(tasks)
+
+    assert Enum.uniq(results) == [:ok]
+
+    assert_projections(Projection, ["Event1", "Event2", "Event4"])
+    assert_seen_event("Projector", 4)
+  end
+
   test "should return an error on failure" do
     assert {:error, :failure} ==
              Projector.handle(%ErrorEvent{}, %{handler_name: "Projector", event_number: 1})
diff --git a/test/projections/runtime_config_projector_test.exs b/test/projections/runtime_config_projector_test.exs
index 76f852c..a74801f 100644
--- a/test/projections/runtime_config_projector_test.exs
+++ b/test/projections/runtime_config_projector_test.exs
@@ -1,17 +1,19 @@
 defmodule Commanded.Projections.RuntimeConfigProjectorTest do
   use ExUnit.Case
 
-  import Commanded.Projections.ProjectionAssertions
-
+  alias Commanded.EventStore.Adapters.Mock, as: MockEventStore
   alias Commanded.EventStore.RecordedEvent
   alias Commanded.Projections.Events.AnEvent
-  alias Commanded.Projections.Projection
-  alias Commanded.Projections.Repo
-  alias Commanded.Projections.RuntimeConfigProjector
+  alias Commanded.Projections.{Projection, ProjectionAssertions, Repo, RuntimeConfigProjector}
   alias Commanded.UUID
 
+  import Mox
+  import ProjectionAssertions
+
+  setup [:set_mox_global, :stub_event_store, :verify_on_exit!]
+
   setup do
-    start_supervised!(TestApplication)
+    start_supervised!({TestApplication, event_store: [adapter: MockEventStore]})
     Ecto.Adapters.SQL.Sandbox.checkout(Repo)
   end
 
@@ -54,4 +56,19 @@ defmodule Commanded.Projections.RuntimeConfigProjectorTest do
   defp send_events(projector, events) do
     send(projector, {:events, events})
   end
+
+  defp stub_event_store(_context) do
+    stub(MockEventStore, :ack_event, fn _adapter_meta, _pid, _event -> :ok end)
+
+    stub(MockEventStore, :child_spec, fn _application, _config ->
+      {:ok, [], %{}}
+    end)
+
+    stub(MockEventStore, :subscribe_to, fn
+      _event_store, :all, _handler_name, _handler, _subscribe_from, _opts ->
+        {:ok, self()}
+    end)
+
+    :ok
+  end
 end