QR code is capable to carry decent amount of information so it is suitable for encoding things like time. When you look at video it seems that it is some sort of alien clock ticking (the one you saw in “Predator” movie). All you can distinct here is a tick every second. If you need to tell a time you need to take a picture and decode QR message.
Clock was build by Markus with original idea taken from LED matrix based QR clock. Clock runs on PIC32 microcontroller which decodes time signal from DCF77 receiver, then calculates QR code and displays on ST7735R graphical LCD at 30FPS. It has a nice feature programmed in. When clock is unable to read radio signal it displays time in greyscale and it gets colorful with plasma effect once it locks to DCF77 signal. I would probably add a digital time as well to the screen since QR clock is quite useless unless you are really well trained to read them on the fly