https://quillette.com/2018/11/29/academias-case-of-stockholm
Earlier this year, we launched Researchers.One, a scholarly publication platform open to all researchers in all fields of study. Founded on the principles of academic freedom, researcher autonomy, and scholarly quality, Researchers.One features an innovative author-driven peer review model, which ensures the quality of published work through a self-organized process of public and non-anonymous pre- and post-publication peer review. Believing firmly that researchers can and do uphold the principles of good scholarship on their own, Researchers.One has no editorial boards, gatekeepers, or other barriers to interfere with scholarly discourse.
In its first few months, Researchers.One has garnered an overwhelmingly positive reception, both for its emphasis on core principles and its ability to attract high quality publications from a wide range of disciplines, including mathematics, physics, philosophy, probability, and statistics. Despite its promise, many academics worry that leaving peer review up to authors will grind the academic juggernaut to a halt. With nothing to stop authors from recruiting their friends as peer reviewers or from publishing a bunch of nonsense just to pad their CV, how should academic researchers be judged for hiring, tenure, or promotion? Without the signal of impact factor or journal prestige, how should readers assess the quality of published research? On their own, such questions are quite revealing of the predominant attitude toward academic publishing, which treats peer review as a means to an administrative end rather than an integral part of truth-seeking.
When done right, peer review is a rigorous process that fosters honest critique, lively discussion, and continual refinement of ideas for the mutual benefit of researchers and society. When done wrong, peer review plays to the worst instincts of human nature, devolving the pursuit of knowledge into a spectator sport in which the credibility of individual researchers, prestige of institutions, and legitimacy of scholarship as a whole are staked on the appearance of quality, objectivity, and novelty that the “peer review” label brings. As the above questions indicate, the prevailing mindset focuses on all that is wrong, and very little of what is right, with peer review.