What is the internet time option?

I was reading it and it said something about internet time and www.swatch.com. Does it update my computer's time then and sync it?

 

http://www.timeanddate.com/time/internettime.html
Hi EvilNewbie
Here's one link more about the same and a time convertor.
The Internet Time is an invention of swatch, which you found already, with the intention to have no time zones anymore but to have the same time at the same moment everywhere on this planet. The idea is great, of course, but it will take lot of time to get this used by everybody.
When you load TDS, you see your local time and the Internet Time displayed, so it does not correct your computer clock with atomic time. Would have loved such an option, of course! Maybe ever in TDS4.