One scientist has an idea, he publishes his hypothesis and intended metodology. Others can jump in and tell him, for example, that the hypothesis has been proved wrong in a recent paper, or suggest improvements in his methodology. Others can chip in and offer to replicate the experiment to increase the sample size. Mathematicians could observe and correct the statistical analysis before the conclusion are published. I think that will improve the quality of the results.
Of course, the bigger problem is that most papers would have dozens or hundreds of authors, diluting the individual contribution of each one. On the other hand, finished reasearch already would be peer reviewed and corrected.