Dive Summary:

• A trio of academics led by Pandelis Perakakis, a postdoctoral researcher at the University of Castellón in Spain, is set to launch the new open-access platform Libre in October.
• Libre will be operated by UK-registered non-profit Open Scholar, of which Perakakis is a co-founder, and will feature open reviews of manuscripts solicited by their own authors—with the ongoing thread of comments ideally encouraging the authors to continually update the manuscripts.
• Perakakis says the additional hope for the platform is that it will break the "monopoly" journals hold on administering peer review to justify high prices despite the fact that the peer review model itself is tainted by conflicts of interest.

From the article:

... The idea for Libre was first set out in the 2010 Scientometrics paper “Natural selection of academic papers” co-authored by Dr Perakakis and the other two founders of Open Scholar.

The trio could have published “20 papers each” in the time it had taken to set up Libre, Dr Perakakis said. “But we decided this is a lot more important to do,” he added. ...