We already have a better mechanism for publishing and peer review.. it's called the internet. Literally the comments section of Reddit would work better. Reviews would be tied to a pseudonymous account instead of anonymous, allowing people to judge the quality of reviewers as well. Hacker News would work just as well too. It's also nearly free to setup a forum and frictionless to use compared to paying academic journals $100k for them to sell your own labour back to you. Cost and ease of use also mean more broadly accessible and hence more widely reviewed.
Every once in a while I see a thread on reddit about a subject I know about and if someone shares a factual account that sounds unpopular it'll be downvoted even though it's true. I think reddit would be a terrible way to do this.
This is literally just our species aha, life is just a resource hunting popularity contest where those who are bigger than you can just punch you in the face.