The current utc time is the universal standard of time used by everyone in the world. It stands for Coordinated Universal Time and is based on an atomic clock located in France, making it one of the most accurate time-keeping systems available. UTC was started by the United Nations in 1972 and has been used ever since alongside other global time zones, allowing for a better connection between nations and their respective citizens.
UTC adjusting is done with leap seconds, which are added to UTC at intervals of roughly one second per year. This keeps up with the solar day, which is slightly longer than our traditional day due to irregularities in Earth's rotations. Before 1962, astronomical time was used instead of this leap-second method.
UTC has become a dominant force in global society due to its use as a basis of numerous other international times. Many businesses globally rely upon it in order to run efficiently, while international events that span across multiple countries will only work if everyone is on the same page when it comes to what UTC standard they are setting themselves to.
As of 2021, the current UTC time is 00:44:45 GMT. This means that everywhere from London to Tokyo has 4:44:45 PM local time and any exchanges or meetings that have been planned overseas have 37 minutes before the scheduled start time.
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