Abstract: A global survey conducted by arXiv in 2016 showed that 58% of arXiv users thought arXiv should have a peer review system. The current opinion is that arXiv should adopt the Community Peer Review model. This paper evaluates and identifies two weak points of Community Peer Review and proposes a new peer review model – Self‐Organizing Peer Review. We propose a model in which automated methods of matching reviewers to articles and ranking both users and articles can be implemented. In addition, we suggest a strategic plan to increase recognition of articles in preprint databases within academic circles so that second generation preprint databases can achieve faster and cheaper publication.