In this chapter we present current work about the Internet of Things (IoT) as a general building block for industrial production. The basic idea is to provide each physical entity with a virtual representation and a storage space, named the digital object memory. Such memories can be used for produced goods as well as the production line components themselves and contain all production-relevant data. Moreover, in smart production lines a centralized orchestration service coordinates 'the needs' of each good and triggers the necessary actuators. For each object an individual production plan is created, based on the object's memory and external requirements and conditions. Based on this concept, actuators can be replaced without stopping the production line and all collected data is available in the object's and in the production line's memory and can be further displayed or processed.