diff --git a/libs/langchain/langchain/schema/__init__.py b/libs/langchain/langchain/schema/__init__.py
index bba898f0bc..15557f5f3c 100644
--- a/libs/langchain/langchain/schema/__init__.py
+++ b/libs/langchain/langchain/schema/__init__.py
@@ -1,6 +1,7 @@
 """**Schemas** are the LangChain Base Classes and Interfaces."""
 from langchain.schema.agent import AgentAction, AgentFinish
 from langchain.schema.document import BaseDocumentTransformer, Document
+from langchain.schema.exceptions import LangChainException
 from langchain.schema.memory import BaseChatMessageHistory, BaseMemory
 from langchain.schema.messages import (
     AIMessage,
@@ -31,12 +32,14 @@ from langchain.schema.output_parser import (
 from langchain.schema.prompt import PromptValue
 from langchain.schema.prompt_template import BasePromptTemplate, format_document
 from langchain.schema.retriever import BaseRetriever
+from langchain.schema.storage import BaseStore
 
 RUN_KEY = "__run"
 Memory = BaseMemory
 
 __all__ = [
     "BaseMemory",
+    "BaseStore",
     "BaseChatMessageHistory",
     "AgentFinish",
     "AgentAction",
@@ -59,6 +62,7 @@ __all__ = [
     "ChatGeneration",
     "Generation",
     "PromptValue",
+    "LangChainException",
     "BaseRetriever",
     "RUN_KEY",
     "Memory",
diff --git a/libs/langchain/langchain/schema/exceptions.py b/libs/langchain/langchain/schema/exceptions.py
new file mode 100644
index 0000000000..27ed0d07dc
--- /dev/null
+++ b/libs/langchain/langchain/schema/exceptions.py
@@ -0,0 +1,2 @@
+class LangChainException(Exception):
+    """General LangChain exception."""
diff --git a/libs/langchain/langchain/schema/storage.py b/libs/langchain/langchain/schema/storage.py
new file mode 100644
index 0000000000..bae5adc2b8
--- /dev/null
+++ b/libs/langchain/langchain/schema/storage.py
@@ -0,0 +1,53 @@
+from abc import ABC, abstractmethod
+from typing import Generic, Iterator, List, Optional, Sequence, Tuple, TypeVar, Union
+
+K = TypeVar("K")
+V = TypeVar("V")
+
+
+class BaseStore(Generic[K, V], ABC):
+    """Abstract interface for a key-value store."""
+
+    @abstractmethod
+    def mget(self, keys: Sequence[K]) -> List[Optional[V]]:
+        """Get the values associated with the given keys.
+
+        Args:
+            keys (Sequence[K]): A sequence of keys.
+
+        Returns:
+            A sequence of optional values associated with the keys.
+            If a key is not found, the corresponding value will be None.
+        """
+
+    @abstractmethod
+    def mset(self, key_value_pairs: Sequence[Tuple[K, V]]) -> None:
+        """Set the values for the given keys.
+
+        Args:
+            key_value_pairs (Sequence[Tuple[K, V]]): A sequence of key-value pairs.
+        """
+
+    @abstractmethod
+    def mdelete(self, keys: Sequence[K]) -> None:
+        """Delete the given keys and their associated values.
+
+        Args:
+            keys (Sequence[K]): A sequence of keys to delete.
+        """
+
+    @abstractmethod
+    def yield_keys(
+        self, *, prefix: Optional[str] = None
+    ) -> Union[Iterator[K], Iterator[str]]:
+        """Get an iterator over keys that match the given prefix.
+
+        Args:
+            prefix (str): The prefix to match.
+
+        Returns:
+            Iterator[K | str]: An iterator over keys that match the given prefix.
+
+            This method is allowed to return an iterator over either K or str
+            depending on what makes more sense for the given store.
+        """
diff --git a/libs/langchain/langchain/storage/__init__.py b/libs/langchain/langchain/storage/__init__.py
new file mode 100644
index 0000000000..6b0511aba3
--- /dev/null
+++ b/libs/langchain/langchain/storage/__init__.py
@@ -0,0 +1,17 @@
+"""Implementations of key-value stores and storage helpers.
+
+Module provides implementations of various key-value stores that conform
+to a simple key-value interface.
+
+The primary goal of these storages is to support implementation of caching.
+"""
+
+from langchain.storage.encoder_backed import EncoderBackedStore
+from langchain.storage.file_system import LocalFileStore
+from langchain.storage.in_memory import InMemoryStore
+
+__all__ = [
+    "EncoderBackedStore",
+    "LocalFileStore",
+    "InMemoryStore",
+]
diff --git a/libs/langchain/langchain/storage/encoder_backed.py b/libs/langchain/langchain/storage/encoder_backed.py
new file mode 100644
index 0000000000..4a713cc391
--- /dev/null
+++ b/libs/langchain/langchain/storage/encoder_backed.py
@@ -0,0 +1,95 @@
+from typing import (
+    Any,
+    Callable,
+    Iterator,
+    List,
+    Optional,
+    Sequence,
+    Tuple,
+    TypeVar,
+    Union,
+)
+
+from langchain.schema import BaseStore
+
+K = TypeVar("K")
+V = TypeVar("V")
+
+
+class EncoderBackedStore(BaseStore[K, V]):
+    """Wraps a store with key and value encoders/decoders.
+
+    Examples that uses JSON for encoding/decoding:
+
+    .. code-block:: python
+
+        import json
+
+        def key_encoder(key: int) -> str:
+            return json.dumps(key)
+
+        def value_serializer(value: float) -> str:
+            return json.dumps(value)
+
+        def value_deserializer(serialized_value: str) -> float:
+            return json.loads(serialized_value)
+
+        # Create an instance of the abstract store
+        abstract_store = MyCustomStore()
+
+        # Create an instance of the encoder-backed store
+        store = EncoderBackedStore(
+            store=abstract_store,
+            key_encoder=key_encoder,
+            value_serializer=value_serializer,
+            value_deserializer=value_deserializer
+        )
+
+        # Use the encoder-backed store methods
+        store.mset([(1, 3.14), (2, 2.718)])
+        values = store.mget([1, 2])  # Retrieves [3.14, 2.718]
+        store.mdelete([1, 2])  # Deletes the keys 1 and 2
+    """
+
+    def __init__(
+        self,
+        store: BaseStore[str, Any],
+        key_encoder: Callable[[K], str],
+        value_serializer: Callable[[V], bytes],
+        value_deserializer: Callable[[Any], V],
+    ) -> None:
+        """Initialize an EncodedStore."""
+        self.store = store
+        self.key_encoder = key_encoder
+        self.value_serializer = value_serializer
+        self.value_deserializer = value_deserializer
+
+    def mget(self, keys: Sequence[K]) -> List[Optional[V]]:
+        """Get the values associated with the given keys."""
+        encoded_keys: List[str] = [self.key_encoder(key) for key in keys]
+        values = self.store.mget(encoded_keys)
+        return [
+            self.value_deserializer(value) if value is not None else value
+            for value in values
+        ]
+
+    def mset(self, key_value_pairs: Sequence[Tuple[K, V]]) -> None:
+        """Set the values for the given keys."""
+        encoded_pairs = [
+            (self.key_encoder(key), self.value_serializer(value))
+            for key, value in key_value_pairs
+        ]
+        self.store.mset(encoded_pairs)
+
+    def mdelete(self, keys: Sequence[K]) -> None:
+        """Delete the given keys and their associated values."""
+        encoded_keys = [self.key_encoder(key) for key in keys]
+        self.store.mdelete(encoded_keys)
+
+    def yield_keys(
+        self, *, prefix: Optional[str] = None
+    ) -> Union[Iterator[K], Iterator[str]]:
+        """Get an iterator over keys that match the given prefix."""
+        # For the time being this does not return K, but str
+        # it's for debugging purposes. Should fix this.
+        yield from self.store.yield_keys(prefix=prefix)
diff --git a/libs/langchain/langchain/storage/exceptions.py b/libs/langchain/langchain/storage/exceptions.py
new file mode 100644
index 0000000000..2f36a7615c
--- /dev/null
+++ b/libs/langchain/langchain/storage/exceptions.py
@@ -0,0 +1,5 @@
+from langchain.schema import LangChainException
+
+
+class InvalidKeyException(LangChainException):
+    """Raised when a key is invalid; e.g., uses incorrect characters."""
diff --git a/libs/langchain/langchain/storage/file_system.py b/libs/langchain/langchain/storage/file_system.py
new file mode 100644
index 0000000000..d197497d8a
--- /dev/null
+++ b/libs/langchain/langchain/storage/file_system.py
@@ -0,0 +1,120 @@
+import re
+from pathlib import Path
+from typing import Iterator, List, Optional, Sequence, Tuple, Union
+
+from langchain.schema import BaseStore
+from langchain.storage.exceptions import InvalidKeyException
+
+
+class LocalFileStore(BaseStore[str, bytes]):
+    """BaseStore interface that works on the local file system.
+
+    Examples:
+        Create a LocalFileStore instance and perform operations on it:
+
+        .. code-block:: python
+
+            from langchain.storage import LocalFileStore
+
+            # Instantiate the LocalFileStore with the root path
+            file_store = LocalFileStore("/path/to/root")
+
+            # Set values for keys
+            file_store.mset([("key1", b"value1"), ("key2", b"value2")])
+
+            # Get values for keys
+            values = file_store.mget(["key1", "key2"])  # Returns [b"value1", b"value2"]
+
+            # Delete keys
+            file_store.mdelete(["key1"])
+
+            # Iterate over keys
+            for key in file_store.yield_keys():
+                print(key)
+
+    """
+
+    def __init__(self, root_path: Union[str, Path]) -> None:
+        """Implement the BaseStore interface for the local file system.
+
+        Args:
+            root_path (Union[str, Path]): The root path of the file store. All keys are
+                interpreted as paths relative to this root.
+        """
+        self.root_path = Path(root_path)
+
+    def _get_full_path(self, key: str) -> Path:
+        """Get the full path for a given key relative to the root path.
+
+        Args:
+            key (str): The key relative to the root path.
+
+        Returns:
+            Path: The full path for the given key.
+        """
+        if not re.match(r"^[a-zA-Z0-9_.\-/]+$", key):
+            raise InvalidKeyException(f"Invalid characters in key: {key}")
+        return self.root_path / key
+
+    def mget(self, keys: Sequence[str]) -> List[Optional[bytes]]:
+        """Get the values associated with the given keys.
+
+        Args:
+            keys: A sequence of keys.
+
+        Returns:
+            A sequence of optional values associated with the keys.
+            If a key is not found, the corresponding value will be None.
+        """
+        values: List[Optional[bytes]] = []
+        for key in keys:
+            full_path = self._get_full_path(key)
+            if full_path.exists():
+                value = full_path.read_bytes()
+                values.append(value)
+            else:
+                values.append(None)
+        return values
+
+    def mset(self, key_value_pairs: Sequence[Tuple[str, bytes]]) -> None:
+        """Set the values for the given keys.
+
+        Args:
+            key_value_pairs: A sequence of key-value pairs.
+
+        Returns:
+            None
+        """
+        for key, value in key_value_pairs:
+            full_path = self._get_full_path(key)
+            full_path.parent.mkdir(parents=True, exist_ok=True)
+            full_path.write_bytes(value)
+
+    def mdelete(self, keys: Sequence[str]) -> None:
+        """Delete the given keys and their associated values.
+
+        Args:
+            keys (Sequence[str]): A sequence of keys to delete.
+
+        Returns:
+            None
+        """
+        for key in keys:
+            full_path = self._get_full_path(key)
+            if full_path.exists():
+                full_path.unlink()
+
+    def yield_keys(self, prefix: Optional[str] = None) -> Iterator[str]:
+        """Get an iterator over keys that match the given prefix.
+
+        Args:
+            prefix (Optional[str]): The prefix to match.
+
+        Returns:
+            Iterator[str]: An iterator over keys that match the given prefix.
+        """
+        prefix_path = self._get_full_path(prefix) if prefix else self.root_path
+        for file in prefix_path.rglob("*"):
+            if file.is_file():
+                relative_path = file.relative_to(self.root_path)
+                yield str(relative_path)
diff --git a/libs/langchain/langchain/storage/in_memory.py b/libs/langchain/langchain/storage/in_memory.py
new file mode 100644
index 0000000000..906d08e853
--- /dev/null
+++ b/libs/langchain/langchain/storage/in_memory.py
@@ -0,0 +1,85 @@
+"""In memory store that is not thread safe and has no eviction policy.
+
+This is a simple implementation of the BaseStore using a dictionary that is useful
+primarily for unit testing purposes.
+"""
+from typing import Any, Dict, Iterator, List, Optional, Sequence, Tuple
+
+from langchain.schema import BaseStore
+
+
+class InMemoryStore(BaseStore[str, Any]):
+    """In-memory implementation of the BaseStore using a dictionary.
+
+    Attributes:
+        store (Dict[str, Any]): The underlying dictionary that stores
+            the key-value pairs.
+
+    Examples:
+        ... code-block:: python
+
+            from langchain.storage import InMemoryStore
+
+            store = InMemoryStore()
+            store.mset([('key1', 'value1'), ('key2', 'value2')])
+            store.mget(['key1', 'key2'])
+            # ['value1', 'value2']
+            store.mdelete(['key1'])
+            list(store.yield_keys())
+            # ['key2']
+            list(store.yield_keys(prefix='k'))
+            # ['key2']
+    """
+
+    def __init__(self) -> None:
+        """Initialize an empty store."""
+        self.store: Dict[str, Any] = {}
+
+    def mget(self, keys: Sequence[str]) -> List[Optional[Any]]:
+        """Get the values associated with the given keys.
+
+        Args:
+            keys (Sequence[str]): A sequence of keys.
+
+        Returns:
+            A sequence of optional values associated with the keys.
+            If a key is not found, the corresponding value will be None.
+        """
+        return [self.store.get(key) for key in keys]
+
+    def mset(self, key_value_pairs: Sequence[Tuple[str, Any]]) -> None:
+        """Set the values for the given keys.
+
+        Args:
+            key_value_pairs (Sequence[Tuple[str, V]]): A sequence of key-value pairs.
+
+        Returns:
+            None
+        """
+        for key, value in key_value_pairs:
+            self.store[key] = value
+
+    def mdelete(self, keys: Sequence[str]) -> None:
+        """Delete the given keys and their associated values.
+
+        Args:
+            keys (Sequence[str]): A sequence of keys to delete.
+        """
+        for key in keys:
+            self.store.pop(key, None)
+
+    def yield_keys(self, prefix: Optional[str] = None) -> Iterator[str]:
+        """Get an iterator over keys that match the given prefix.
+
+        Args:
+            prefix (str, optional): The prefix to match. Defaults to None.
+
+        Returns:
+            Iterator[str]: An iterator over keys that match the given prefix.
+        """
+        if prefix is None:
+            yield from self.store.keys()
+        else:
+            for key in self.store.keys():
+                if key.startswith(prefix):
+                    yield key
diff --git a/libs/langchain/tests/unit_tests/storage/__init__.py b/libs/langchain/tests/unit_tests/storage/__init__.py
new file mode 100644
index 0000000000..e69de29bb2
diff --git a/libs/langchain/tests/unit_tests/storage/test_filesystem.py b/libs/langchain/tests/unit_tests/storage/test_filesystem.py
new file mode 100644
index 0000000000..25ba3866bf
--- /dev/null
+++ b/libs/langchain/tests/unit_tests/storage/test_filesystem.py
@@ -0,0 +1,78 @@
+import tempfile
+from typing import Generator
+
+import pytest
+
+from langchain.storage.exceptions import InvalidKeyException
+from langchain.storage.file_system import LocalFileStore
+
+
+@pytest.fixture
+def file_store() -> Generator[LocalFileStore, None, None]:
+    # Create a temporary directory for testing
+    with tempfile.TemporaryDirectory() as temp_dir:
+        # Instantiate the LocalFileStore with the temporary directory as the root path
+        store = LocalFileStore(temp_dir)
+        yield store
+
+
+def test_mset_and_mget(file_store: LocalFileStore) -> None:
+    # Set values for keys
+    key_value_pairs = [("key1", b"value1"), ("key2", b"value2")]
+    file_store.mset(key_value_pairs)
+
+    # Get values for keys
+    values = file_store.mget(["key1", "key2"])
+
+    # Assert that the retrieved values match the original values
+    assert values == [b"value1", b"value2"]
+
+
+def test_mdelete(file_store: LocalFileStore) -> None:
+    # Set values for keys
+    key_value_pairs = [("key1", b"value1"), ("key2", b"value2")]
+    file_store.mset(key_value_pairs)
+
+    # Delete keys
+    file_store.mdelete(["key1"])
+
+    # Check if the deleted key is present
+    values = file_store.mget(["key1"])
+
+    # Assert that the value is None after deletion
+    assert values == [None]
+
+
+def test_set_invalid_key(file_store: LocalFileStore) -> None:
+    """Test that an exception is raised when an invalid key is set."""
+    # Set a key-value pair
+    key = "crying-cat/😿"
+    value = b"This is a test value"
+    with pytest.raises(InvalidKeyException):
+        file_store.mset([(key, value)])
+
+
+def test_set_key_and_verify_content(file_store: LocalFileStore) -> None:
+    """Test that the content of the file is the same as the value set."""
+    # Set a key-value pair
+    key = "test_key"
+    value = b"This is a test value"
+    file_store.mset([(key, value)])
+
+    # Verify the content of the actual file
+    full_path = file_store._get_full_path(key)
+    assert full_path.exists()
+    assert full_path.read_bytes() == b"This is a test value"
+
+
+def test_yield_keys(file_store: LocalFileStore) -> None:
+    # Set values for keys
+    key_value_pairs = [("key1", b"value1"), ("subdir/key2", b"value2")]
+    file_store.mset(key_value_pairs)
+
+    # Iterate over keys
+    keys = list(file_store.yield_keys())
+
+    # Assert that the yielded keys match the expected keys
+    expected_keys = ["key1", "subdir/key2"]
+    assert keys == expected_keys
diff --git a/libs/langchain/tests/unit_tests/storage/test_in_memory.py b/libs/langchain/tests/unit_tests/storage/test_in_memory.py
new file mode 100644
index 0000000000..4e969a01dd
--- /dev/null
+++ b/libs/langchain/tests/unit_tests/storage/test_in_memory.py
@@ -0,0 +1,48 @@
+from langchain.storage.in_memory import InMemoryStore
+
+
+def test_mget() -> None:
+    store = InMemoryStore()
+    store.mset([("key1", "value1"), ("key2", "value2")])
+
+    values = store.mget(["key1", "key2"])
+    assert values == ["value1", "value2"]
+
+    # Test non-existent key
+    non_existent_value = store.mget(["key3"])
+    assert non_existent_value == [None]
+
+
+def test_mset() -> None:
+    store = InMemoryStore()
+    store.mset([("key1", "value1"), ("key2", "value2")])
+
+    values = store.mget(["key1", "key2"])
+    assert values == ["value1", "value2"]
+
+
+def test_mdelete() -> None:
+    store = InMemoryStore()
+    store.mset([("key1", "value1"), ("key2", "value2")])
+
+    store.mdelete(["key1"])
+
+    values = store.mget(["key1", "key2"])
+    assert values == [None, "value2"]
+
+    # Test deleting non-existent key
+    store.mdelete(["key3"])  # No error should be raised
+
+
+def test_yield_keys() -> None:
+    store = InMemoryStore()
+    store.mset([("key1", "value1"), ("key2", "value2"), ("key3", "value3")])
+
+    keys = list(store.yield_keys())
+    assert set(keys) == {"key1", "key2", "key3"}
+
+    keys_with_prefix = list(store.yield_keys(prefix="key"))
+    assert set(keys_with_prefix) == {"key1", "key2", "key3"}
+
+    keys_with_invalid_prefix = list(store.yield_keys(prefix="x"))
+    assert keys_with_invalid_prefix == []