For projects with multiple branches, there will be quite a lot of versions.
Is it possible for JIRA to create hierarchical versions, like:
feat001 -> v1.0.0.B01
feat001 -> v1.0.0.B02
feat002 -> v1.0.0.B01
Yes, see https://jira.atlassian.com and check for similar requests before you raise a new one.
However, you should check the marketplace for add-ons that might help (I've not seen one for this, but there are so many add-ons, there's a good chance I've missed one).
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