Peer review is where the journal makes sure the claimed work done is of high enough quality, and that the results are interesting and significant enough to be worthy of publication in that particular journal. If not, the work either needs to be improved or published in a journal that does not have as much "esteem". If anything peer review is the reason that so many fake and fraudulent results are published these days (though I'm not suggesting I know of any better alternative).
This should also require a way to prevent collusion.
All other content would be placed in a pending category.
This would never happen because the current system is about protecting academics' jobs, lest anyone discover that a majority of the work they do is so trivial and down right silly that anyone could do it with no training.
And platforms for distributed networks do exist (1), (2).
The issue is incentives for switching and reaching critical mass.
(1) https://blog.science-octopus.org/
(2) https://osf.io/
> NOTE: This preprint reports new research that has not been certified by peer review and should not be used to guide clinical practice.