An optical memory suitable for storing optical signals from a set of predetermined wavelengths is demonstrated. This memory is random access, allowing a controller to read the stored data at any point in time. The memory has a memory input port for receiving a first optical signal, an optical storage element for storing an optical signal and its predetermined wavelength. The optical storage element features a set of optical sources each having a predetermined wavelength and is for providing an intensity and a wavelength of light stored therein. The optical memory also has a memory output port which is optically coupled to the optical storage element for selectively providing an output signal based on the wavelength and intensity of the light within the optical storage element.