JCache is a standard API for caching in Java, designed to provide a uniform approach similar to JDBC for caching with the aim of promoting effective caching strategies. It features basic caching functionality, entry processors for data transformations, and event listeners for cache operations. Existing implementations include Coherence, Ehcache, Hazelcast, and Infinispan, with a quick start guide emphasizing the addition of the JCache API jar and selecting an implementation.