The current internet time is:
Swatch Internet Beat Time, introduced by the Swiss watch company Swatch in 1998, is a unique timekeeping system that divides the day into 1,000 equal parts called "beats." Each beat lasts 1 minute and 26.4 seconds, replacing the traditional hours and minutes format. This system uses Biel Mean Time (BMT) as its reference, which is based on the time in Biel, Switzerland, where Swatch is headquartered.
Unlike conventional time zones, Internet Beat time operates on a single, universal standard, eliminating the need for time conversions.
The primary goal of Swatch Internet Beat is to simplify global communication and coordination. By using a unified time standard, people from different parts of the world can easily synchronize their activities without worrying about time zone differences.
The time is expressed in a format like "@500.beats," which would indicate 500 beats after midnight BMT. Though innovative, this system has remained a niche concept and has not achieved widespread adoption beyond specific communities.