Blockchain technology could drastically reshape JPMorgan, according to industry expert Tom Lee. Speaking during a Bankless interview, Lee predicted a potential reduction in employees from the current 313,000 to just 20,000 if JPMorgan adopts blockchain-based operations. This shift would streamline processes, enhance planning abilities, and increase overall efficiency. Lee further envisions an AI-driven future for JPMorgan, transforming it into a tech-focused organization. He suggests that banks could transition from trading based on traditional book value to a more accurate price-to-earnings ratio model, similar to companies like Walmart and Costco which leverage their structured business models to achieve high P/E ratios (ranging from 35 to 50). Lee believes this approach might be adopted by JPMorgan and other financial institutions as they adapt to the changing landscape.