"Database softwareheritage-vault does not exist" when running docker-compose

I was installing the developer version of software heritage for getting started to contribute for GSoC 2019. But on running the project as per the instructions I got the following error. I asked the community on IRC #swh-devel and zack confirmed the error.

Migrated from T1588 (view on Phabricator)

To upload designs, you'll need to enable LFS and have an admin enable hashed storage. More information