Coordinated Universal Time

Coordinated Universal Time is the primary time standard by which the world regulates clocks and time. It is within about 1 second of mean solar time at 0° longitude, and is not adjusted for daylight saving time. In some countries, the term Greenwich Mean Time is used. The co-ordination of time and frequency transmissions around the world began on 1 January 1960. UTC was first officially adopted as CCIR Recommendation 374, Standard-Frequency and Time-Signal Emissions, in 1963, but the official abbreviation of UTC and the official English name of Coordinated Universal Time were not adopted until 1967. The system has been adjusted several times, including a brief period where time coordination radio signals broadcast both UTC and "Stepped Atomic Time" before a new UTC was adopted in 1970 and implemented in 1972. This change also adopted leap seconds to simplify future adjustments.

https://en.wikipedia.org/wiki/Coordinated_Universal_Time

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