Google is developing a peer review tool called GPeerReview. (Thanks to Google Scholar Blog.)

Here's an excerpt from the project page:

With GPeerReview, you can:

• Publish immediately (and get reviews later),
• Seek an unlimited number of reviews,
• Verify the integrity of the reviews,
• Verify the credibility of the reviewers,
• Publish without limitation on format, style, or number of pages,
• Maintain complete copyright ownership of your works, and
• Enhance the acclaim of your already-published works.

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