Peer review is a laborious, yet essential, part of academic publishing with
crucial impact on the scientific endeavor. The current lack of incentives and
transparency harms the credibility of this process. Researchers are neither
rewarded for superior nor penalized for bad reviews. Additionally, confidential
reports cause a loss of insights and make the review process vulnerable to
scientific misconduct. We propose a community-owned and -governed system that
1) remunerates reviewers for their efforts, 2) publishes the (anonymized)
reports for scrutiny by the community, 3) tracks reputation of reviewers and 4)
provides digital certificates. Automated by transparent smart-contract
blockchain technology, the system aims to increase quality and speed of peer
review while lowering the chance and impact of erroneous judgements.